The price of Airtel shares, which will be concentrated on Wednesday after the contract with SpaceX Elona Muska. Here’s what to expect

The price of the Bharti Airtel shares is most likely in the center of attention in the Wednesday shopping session after the announcement today, on March 11, that he signed the contract Elon MuskSpacex to introduce Satellite Starlink internet to India.

The contract on bringing fast Starlink internet services to India “is subject to SpaceX receiving its own authorization to sell Starlink in India”, Airtel informed the stock exchanges via the application for exchange on Tuesday.

AIRTEL and SpaceX explore the offer of Starlink equipment in AIRTEL retail stores and its services for Sunil Mittal customers, and SpaceX has examined how Starlink can help to expand and improve the Airtel network as well as the use and use of the AIRTEL ground network infrastructure and other shares in India.

Bharti airtelThe decision to cooperate with SpaceX is in line with Musk’s meeting with Prime Minister Narendra Modi in Washington. It is also expected that this movement heats the competition with the rival Jio Infocomm with the rival of Mukesh Ambani.

“Working with SpaceX In order to offer Starlink to AIRTEL clients in India is a significant milestone and additionally shows our involvement in the new generation satellite communication,” said Gopal Vittal, managing director and vice -chairman, Bharti Airtel. “This cooperation increases our ability to introduce a world -class wide -wing broadband broadband lines to most India pilots, as well as each of them.

How will Spacex Deal affect the price of Airtel?

Anshul Jain, head of research at Lakshmishree Investment and Securities, said Bharti Airtel’s cooperation with Spacex It aims to increase digital communication throughout the country, especially in distant and underestimated regions. “Combining knowledge on the AIRTEL market with Starlink satellite technology, the partnership aims to ensure reliable access to the Internet for companies, schools, health centers and rural communities. This initiative emphasizes the commitment to fill in the digital division and developing technological infrastructure in India, “said Jain.

He said from a technical point ₹1900 levels. “Currently, Bharti shares are trading in the range 1511-1733 and are heading towards the upper end of this range. Breaking over 1733 may push the actions in the direction of 1900, “Jain said.

On Tuesday, Bharti Airel’s actions ended ₹1661.20 on BSE, increase by 1.93%.

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