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CMP : Rs 157
Unitech is one of the Great Multibagger stock in the past. Right now Little bulls are started kicking up in this counter. As AT&T, the US telecom giant, Qatar Telecom and west Asia based telecom major Etisalat are finally shortlisted as the three bidders.
Among the three bidders, AT&T is showing some sort of intrest to enter the Indian telecom market and it is valuving Unitech as a gateway to tap the potential in Indian Markets.AT&T has recently walked out of negotiations with Aircel Ltd,which is now owned by Malaysian telco Maxis.
AT&T is also in talks with Videocon. It shows that AT&T's strong interest to enter Indian Markets.
Unitech is looking to divest between 26-30 per cent in its telecom venture, which may bring in about $800 million to $1 billion valuing the telecom business at $2.5-$3 billion.
But getting this deal done is a heavy task as foreign telcos may find it difficult to agree to many of the terms being put forward by Unitech.Right Now the Stock is Trading at 157 looks a valuable buy at this time. If this deal got confirmed then Unitech might be a turn around story from all its worries.
Regards,
Rajandran R
