Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Unitech – AT&T Deal will it get through?

48 sec read


 

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
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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