Vodafone Idea's Senior Exec Quits After Company Denies Partnership Talks With Elon Musk's Starlink

Vodafone Idea Limited, an Indian mobile network operator, announced that its senior executive, P Balaji, has quit. The company said on Wednesday, Jan. 3, through its Bombay Stock Exchange (BSE) filing, that its top management personnel has vacated his post, and his resignation is set to take effect on Jan. 10.

P Balaji's Resignation Announcement

According to Money Control, the senior executive of Vodafone Idea personally revealed his decision to resign through a letter that the company shared with employees and the public through its recent BSE filing. He explained that he is vacating his post to pursue personal and other professional goals outside the firm.

"I appreciate the opportunity given to me by Vodafone Idea to serve for over 9 years and am proud of the work we have done together to help transform the company," part of Balaji's statement reads. "I would like to resign from the services of the company with immediate effect. I shall be grateful if the company releases me from my responsibilities at the earliest and waives the contractual notice period obligation."

Vodafone Idea Refutes Tie-up Talks with Starlink

Meanwhile, prior to the announcement of Balaji's departure from Vodafone Idea, the company denied the speculations of its possible collaboration with Starlink, the satellite internet provider operated by Elon Musk's aerospace company, SpaceX.

Reuters reported that Vodafone Idea clarified it is not in talks with Starlink for a tie-up deal. Unfortunately, the company's denial of any business cooperation with the American firm led to a five percent decrease in the company's shares.

"We would like to submit that the company is not in any such discussion with the named party," the company explained via a statement. "We are not aware of the basis of the said news item."

Photo by: Vodafone Idea Media Center