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

RTTNews | hace 172
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 Economic News Preview: UK Mortgage Approvals, House Price Data Due

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
RTTNews | hace 39 minutos
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,950.00 mark, with weakness in iron ore miners, energy, technology and financial stocks. Gold miners are the only bright spot.
RTTNews | hace 3h 0min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, dragged down by tumbling technology stocks that mirrored their peers on Nasdaq. Traders also are concerned about the renewed uncertainty about US President Donald Trump's reciprocal tariffs after a U.S. federal appeals court ruled that the majority of his sweeping tariffs were illegal.
RTTNews | hace 3h 17min
Thai Shares Tipped To Open Under Water On Monday

Thai Shares Tipped To Open Under Water On Monday

The Thai stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's likely to open under pressure again on Monday.
RTTNews | hace 4h 28min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling below the 42,300 level, with weakness across most sectors led by tumbling technology stocks. Automakers were the only bright spot.
RTTNews | hace 4h 43min