Tech Mahindra fell 4% on fears of competitive impact from SpaceX's Starlink acquiring US telecom spectrum

Mon 12 Oct 2026

Stock decline today

4 percent

Telecom sector exposure

32 percent

SpaceX spectrum deal size

8 billion dollars

Heard on business television between 15:11:10 - 15:14:10 IST.

• Tech Mahindra dropped about 4% amid a sell-off in US telecom stocks.
• Jasmit said SpaceX is spending about $8 billion to buy spectrum from a private equity-owned network, raising competition fears in the US and Indian telecom markets.
• Tech Mahindra has about 32% exposure to the telecom and communication sector, raising fears of order cuts.
• Siddharth Khemka said Starlink buying lower-end spectrum poses a risk to telecom players, and companies linked to European telecom firms like Tech Mahindra face sentimental negative impact, though fundamentals remain healthy with Q2 results expected Thursday.
• Khemka said Indian telecom market is less vulnerable given competitive domestic pricing, maintaining a positive view on Bharti Airtel.

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