Tech Mahindra shares fell on fears that SpaceX's planned $8 billion acquisition of a spectrum network could bring new telecom competition affecting its orders

Mon 12 Oct 2026

SpaceX spectrum deal value

$8 billion

Telecom exposure

32 percent

Heard on business television between 16:17:57 - 16:20:57 IST.

• SpaceX is reportedly spending about $8 billion to buy out a spectrum network from a private equity firm, raising competition concerns in US and Indian telecom markets.
• Tech Mahindra has about 32% exposure to the telecom and communication sector, making it vulnerable to sentiment around new competition.
• The stock slid on fears that new competition could lead clients to cut orders.
• Fundamentally, Tech Mahindra has been doing well in recent quarters under Mohit Joshi's tenure, with Q2 results expected Thursday and healthy margin uptick anticipated.

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