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🚀 Nelco & Eutelsat Launch LEO Satellite Services in India—Stock Soars on NSE
🚀 Nelco & Eutelsat Launch LEO Satellite Services in India—Stock Soars on NSE
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India's connectivity game just leveled up. Nelco—the Tata-backed satellite comms player—inked a deal with Paris-based Eutelsat to deploy cutting-edge low earth orbit (LEO) tech across the subcontinent. Market response? Instant bullish.
Why this slaps:
LEO satellites mean faster, lower-latency internet—think remote mining ops getting real-time data or fishermen tracking monsoon patterns. Disruptive? Absolutely. Overhyped? Ask the traders dumping cash into Nelco’s 8% intraday spike.
The cynical twist:
Another ‘infrastructure moonshot’ for India’s markets to overprice before the red tape strangles rollout. But hey—at least the stock’s flying… for now.
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