Swiss investment bank, UBS has given its own list of top 10 stock picks in Asia for 2009, and surprisingly the list has only one Indian company, Bharti Airtel Ltd., India’s largest mobile-phone operator.
Come next year, and you may have to update all your mobile and phone directories as all mobile numbers will then have 11 digits instead of current 10 digits with ‘9’ being prefixed to all mobile numbers and thus ’99’ will become the first two digits of every mobile number.
In the run up to unlocking value in the tower business by telecom companies, there is now talk of a possibility of a merger of the tower business of three GSM mobile operators – Bharti Airtel, Vodafone and Idea Cellular which would create a mega tower company.
According to a Gartner report, after China, India would be fastest growing mobile telephony market in Asia Pacific with revenues slated to increase at a CAGR of 18.4% to reach $25 billion in 2011 from current $9 billion.
The BSE Sensex on July 2, 2007 made an all time high of 14,738. The index has gained 20% from its low on March 16, 2007 in 72 sessions.