With lot of global & local biggies eying a pie of Indian Mobile market, small players like SPICE Communications looks attractive. Recently DLF, Mahindra, Videocon and many others have applied for Mobile Service Provider Licenses for all 22 circles in India.
With India teledensity at 22% there is still lot of scope for growth for new players.
The valuations of Existing Telecom players and their customer base growing at a fast phase Indian Telecom market is poised to grow and I hope customers will get greater benefit.
With this kind of demand & valuations SPICE Communications does look good at 58.70 (at 11:45 on 04-Oct-2007) looks as a good investment.SPICE Communications operates in Karnataka & Punjab with about 4 million customers (Sorce : http://www.spiceindia.com/invester_relation/corporate_profile.asp)
Get Latest Quote for SPICE Communications on BSE http://bseindia.com/price_finder/stockreach.asp?scripcd=532863
Wednesday, October 03, 2007
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