Indian Erotel Share Price witnessed an uproar meeting on Wednesday, March 12, as Telecom Behmot responded to recent events in India’s satellite internet market.
Elon Musk’s Star Link and Erritel announced a major cooperation in launching high -speed satellite internet services in India on March 11. But Reliance Geo, which supports Mukesh Ambani, followed it quickly and reached a comparison agreement with the Star Link just 12 hours later.
According to AirTail’s official announcement, this transaction is the first of its kind in India and is subject to Space X to obtain the Regulatory permits required for the Star Link. This partnership will investigate that Airtel’s market knowledge can directly support consumers and enterprise products from SpaceX, as well as how the star link can improve Airtel’s services.
With the aim of providing its customers nationwide high -speed satellite Internet, Reliance Geo announced its cooperation with the star link on social media on March 12.
At 6,690.00, the price of Indian aerial shares starts strictly from the day, which improves the closing price of $ 1,662.95 a day before. During the initial trade hours, the stock even reached its highest position at $ 1,716.65.
However, as Erotel’s stock fell, the market changed dynamic rapidly. In the middle of the session, stocks decreased by 0.45 % ($ 7.45), which has reached $ 1,655.50.
The overall state of the Indian stock market was negative, which reflects samples around the world affected by recent economic events in the United States and other countries.
