India's Nelco gains after grant of satellite service provider license

Nelco

26/11/2025 04:37

** Shares of Nelco NELC.NS rise 4.1% to 868 rupees

** India's Communications Ministry grants UL VNO-GMPCS license to co, under its existing virtual network operator license

** This will allow NELC to sell VSAT services of other unified license-global mobile personal communication by satellite licensees

** NELC down ~31% YTD

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))