Musk’s Starlink poses limited threat to local telecom giants: Report

Elon Musk-owned Starlink’s anticipated entry and upcoming satellite broadband services will not pose a major threat to Indian telecom giants such as Mukesh Ambani’s Jio and Rakesh Bharti Mittal’s Airtel, as their home broadband plans offer better pricing, higher speeds and unlimited data, a recent report has said.

The report by JM Financial, which was released on Saturday, said Starlink’s service will instead complement local telcos’ existing networks, helping to expand high-speed Internet access to remote and rural areas.