Tech Mahindra shares fell nearly 3-4% after a sharp selloff in US telecom stocks triggered by SpaceX's plan to acquire a spectrum firm

Mon 12 Oct 2026

T-Mobile stock fall

13 percent

AT&T stock fall

9.8 percent

Verizon stock fall

8.7 percent

Telecom revenue exposure

32.3 percent

Tech Mahindra intraday fall

4.4 percent

Heard on business television between 11:00:27 - 11:03:27 IST.

• SpaceX's plan to acquire a spectrum company from a private equity firm sparked fears of rising competition in the US telecom market.
• US telecom majors slid sharply: T-Mobile fell 13%, AT&T fell 9.8%, Verizon fell 8.7%.
• Tech Mahindra has about 32.3% revenue exposure to the telecom segment, mostly from US clients.
• Analyst Jasmit said any change in US telecom spending or sentiment poses a cross-read risk for Tech Mahindra.
• The stock slid as much as 4.4% intraday and was trading down about 3.3%.

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