Musk's Starlink unlikely to shake Indian telcos, Jefferies says

Elon Musk's Starlink launch in India unlikely to disrupt Indian telecom companies, Jefferies says

Home broadband segment, targeted by Starlink, forms only 8-9% of Reliance Jio RELJ.NS's revenues and 4% of Bharti Airtel BRTI.NS's India revenues (excluding tower rev) - Jefferies

Says Starlink's limited satellite capacity will necessitate premium pricing, in line with other markets

Says they need partnerships with telcos for distribution, installation and backhaul support

Adds government seems to be balancing interests of telcos and satellite operators, rather than accepting everything satcom companies asked for