Elon Musk's Starlink Partners With India's Jio And Airtel

RTTNews | 120 days ago
Elon Musk's Starlink Partners With India's Jio And Airtel

(RTTNews) - Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.

In a statement, Jio announced that SpaceX would offer Starlink's high-speed broadband internet services to its customers in India. Starlink, as the low Earth orbit satellite constellation operator, would deliver reliable broadband services across the country, including the most rural and remote regions of India.

With the agreement, Jio is advancing and diversifying its broadband service options to include Starlink connectivity. Jio plans to make Starlink solutions available through its retail outlets as well as through its online storefronts. It will also establish a mechanism to support customer service installation and activation.

Airtel, in a statement, noted that the companies will explore offering Starlink equipment in Airtel's retail stores, and Starlink services via Airtel to business customers, in even the most rural parts of India.

Airtel and SpaceX will also explore how Starlink could help expand and enhance the Airtel network, as well as SpaceX's ability to utilize and benefit from Airtel's ground network infrastructure and other capabilities in India.

After joining the race, Reliance Industries gained 0.8 percent on Wednesday's regular trading on the NSE in India, while Bharti Airtel dropped 1.2 percent.

read more
European Shares Decline As Tariff Worries Return To Haunt

European Shares Decline As Tariff Worries Return To Haunt

European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
RTTNews | 4 minutes ago
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 29 minutes ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 57 minutes ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1h 35min ago