Vodafone Idea Limited (NSEI:IDEA) on January 2, 2024 refuted media reports claiming the company was in talks with Elon Musk's Starlink through a stock exchange intimation. News outlet BusinessWorld on December 29, 2023 reported that Musk was in talks to tie up with billionaire businessman Musk's Starlink during Vibrant Gujarat summit due to take place on January 10, 2024. The report claimed Vodafone Idea could be among the suitors as Starlink looks to enter the Indian market.

The Bombay Stock Exchange (BSE) on January 1, 2024 asked the company for a clarification regarding the same. "In this regard, we would like to submit that the Company is not in any such discussion with the named party. We are not aware of the basis of the said news item," said Vodafone Idea in its statement.

The shares of Vodafone Idea nosedived following the clarification, trading with losses of 5% as of 13:30.