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2G verdict: Experts analyse how will telecom stocks react
Here are analysts' comments after India's Supreme Court on Thursday revoked 122 telecoms licences issued under a scandal-tainted 2008 sale in a judgement that could further darken the business climate in Asia's third-largest economy.
Jagannadham Thunuguntla, Head of Research, SMCnvestments And Advisors
"Players like Bharti Airtel and Idea Cellular with popular brands and strong balance sheets will be clear beneficiaries because they can take advantage of this situation and increase market share.
"Foreign players like Systema and Etisalat, which are government controlled companies... those governments will start feeling apprehensive about doing business in India and hence, drawing foreign direct investment would be little more challenging for the country."
"The Supreme Court wants the government and the ministry to come to a conclusion and clear the licence ruckus because this entire controversy has been terrible.
"The market is viewing it positively and will only recover because the earlier licences which have been cancelled will be re-issued after the revised guidelines come out and the monetary considerations will be swapped against the new licences."
