Despite the growing presence of Starlink's satellite broadband services, India's leading telecom players, Jio and Bharti Airtel, are unlikely to face significant competition, according to a report by JM Financial.

Bharti Airtel and Reliance Jio have both partnered with SpaceX to introduce Starlink’s high-speed satellite internet in India, sparking investor interest in the best telecom stock to buy.

Indian telecom operator Bharti Airtel says it has signed a deal with Elon Musk’s Starlink to explore providing the U.S. satellite internet giant’s services to customers in India, depending on government approval.