Does Elon Musk’s Starlink pose a threat to telecom giants Reliance Jio and Bharti Airtel?

Billionaire Elon Musk’s SpaceX has tied up with telecom giants Reliance Jio and Bharti Airtel to bring high-speed satellite internet service Starlink to India. Currently, the agreement seems limited to Bharti and Jio distributing Starlink’s satellite broadband services via their extensive retail network, mostly to B2C and B2B customers in rural and remote areas, in return for some limited distribution income.

Analysts at JM Financial believe that this deal aligns well with Jio and Airtel’s businesses and doesn’t pose a threat to them.