NTT Headed for India – Analyst Blog
Source: http://www.zacks.com/stock/news/27454/NTT+Headed+for+India+-+Analyst+BlogPosted on Thursday, November 19th, 2009 | In Investing Lessons, Stocks to Watch
The severe economic recession and maturity of the Japanese telecom market have compelled Nippon Telegraph & Telephone Corp. (NTT) to look at other geographies. Industry sources say the company has started negotiations with Patni Computer Systems, the sixth largest software services exporter of India , to acquire 66% stake in the latter. Entry into India will unlock the $60 billion IT and ITES (IT enabled services) market to Nippon. In the last reported quarter, Patni generated approximately $166.75 million in revenue and around $33.7 million of net profit.
Nippon, the largest telecom operator in Japan is facing strong competition in the Japanese wireless market and from the potential impact of low-cost, fixed-line services, such as “voice-over-Internet protocol” (VoIP). In order to maintain its leadership position, the company has taken various measures in the domestic telecom market and also decided to capture selected international opportunities to drive long-term growth.
India is not a completely new field for Nippon. The company already has an agreement with HCL Technologies, another major software developer. Recently, NTT DoCoMo (DCM), the wireless subsidiary of Nippon, acquired a 26% stake of Tata Teleservices Ltd. for approximately $2.7 billion. Tata Teleservices is the sixth largest wireless carrier in India with more than 29 million subscribers. The merged entity known as TataDoCoMo has started rolling out its GSM network in select Indian metropolises and also applied for 3G mobile licenses.
Besides India, NTT Communications, the long distance and international phone businesses division of the parent Nippon, has consolidated its existing Atlanta POP (point-of-presence) in the U.S. as the main hub for global IP-VPN network. This facility provides extensive international private networks to various enterprises using Nippon’s broadband backbone.
Recently, NTT Communications acquired Integralis AG, a German firm specializing in IT security services. This will help the company to establish IP-VPN hubs in London and Paris in the European region. The company is also looking for new ventures in the Latin American region where it is expecting an expansion of the broadband market.
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November 20th, 2009 at 6:41 am
MARKET TODAY
Key benchmark indices are likely to open lower today as overseas markets turned negative yet again on renewed jitters about the pace of economic recovery. Market may remain volatile over the next few days as trader’s rollover positions in the derivative segment ahead of the expiry on 26 November 2009. Trading is likely to remain range bound amid alternate bouts of buying and profit taking.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 738.32 crore, while they bought index options worth Rs 411.03 crore. They were net sellers of stock futures to the tune of Rs 171.15 crore, while they sold stock options worth Rs 1.56 crore.
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November 23rd, 2009 at 2:42 am
MARKET TODAY
Key benchmark indices are expected to start flat to positive due to gains in Asia markets. Reliance, the country’s top-listed firm is offering about $12 billion to buy a controlling interest in LyondellBasell, and the deal if closed will make it one of the largest overseas acquisitions by an Indian company could spur investor sentiment. The equities may remain volatile over the next few days as trader’s rollover positions in the derivative segment from November 2009 series on Thursday, 26 November 2009.
According to data released by the NSE, in the last session, FIIs were sellers of index futures to the tune of Rs 395.8 crore while bought index options worth Rs 809.55 crore. They were net sellers of stock futures to the tune of Rs 725.39 crore while bought stock options worth Rs 13.66 crore.
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November 24th, 2009 at 1:45 am
MARKET TODAY
Key benchmark indices are expected to flat opening tracking weak Asian markets. Market remains volatile as traders roll over positions in the derivative segment from November series ahead of the expiry of the near month contracts on Thursday, 26 November 2009. However, the market lacks positive triggers to sustain the upward momentum and traders are likely to closely watch global news flow and the dollar-rupee movement for direction.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 413.23 crore and bought index options worth Rs 289.56 crore. They were net sellers of stock futures to the tune of Rs 307.83 crore and sold stock options worth Rs 0.58 crore.
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November 25th, 2009 at 2:52 am
MARKET TODAY
Key benchmark indices are expected to open flat to positive on mixed global cues. The Nifty futures traded as SGX CNX Nifty Index Futures in Singapore were up 16 points to 5089. Volatility may continue as traders shuffle their positions ahead of Thursday’s expiry of November series derivatives contracts. However, weakness in the Chinese markets, and uninspiring economic data from the U.S may weigh on sentiment.
According to data released by the NSE, in the last session, FIIs were sellers of index futures to the tune of Rs 250.25 crore and bought index options worth Rs 103.74 crore. They were net buyers of stock futures to the tune of Rs 78.10 crore while sold stock options worth Rs 116.45 crore
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November 27th, 2009 at 2:08 am
MARKET TODAY
Key benchmark indices are likely to extend its previous session’s losses after Dubai’s debt problems revived concerns about the global financial system and rattled markets across Europe and Asia. The Nifty futures traded as SGX CNX Nifty Index Futures in Singapore were down 64 points to 4916. However market to remain weak during the trading session.
According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 948.38 crore and they bought index options worth Rs 1202.08 crore. They were net sellers of stock futures to the tune of Rs 60.47 crore and bought stock options worth Rs 17 crore.
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December 1st, 2009 at 2:02 am
MARKET TODAY
Indian market is likely to open on a flat to positive note on the back of mixed Asian markets. Auto and cement stocks may witness stock-specific action, as they announce their monthly sales/dispatches figures for November 2009. Government data released yesterday showed the gross domestic product (GDP) grew by 7.9% in Q2 September 2009, from 7.1% in the previous year and 6.1% growth in the first quarter. However, sharp jump in economic growth in the September quarter May support for the positive momentum in the market.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 664.95 crore and bought index options worth Rs 230.82 crore. They were net buyers of stock futures to the tune of Rs 524.73 crore and bought stock options worth Rs 2.95 crore.
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December 2nd, 2009 at 2:20 am
MARKET TODAY
Indian market is likely to extend two-day gains on the back of strong global cues. The Nifty futures traded as SGX CNX Nifty Index Futures in Singapore were up 19 points 5150. Strong global markets and robust auto and cement sales figures coupled with strong September quarter GDP data is likely to boost confidence.
According to data released by the NSE, in the last session, FIIs were buyers of index futures to the tune of Rs 975.8 crore while sold index options worth Rs 18.72 crore. They were net buyers of stock futures to the tune of Rs 348.34 crore and bought stock options worth Rs 21.58 crore.
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December 7th, 2009 at 3:34 am
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December 17th, 2009 at 2:13 am
MARKET TODAY
Market to open on a flat note tracking mixed cues from the global markets after the Federal Reserve kept interest rates steady, as expected. In a surprise announcement, both the BSE and the NSE said they would advance timings for trading to 9 a.m. from 9:55 a.m. effective from Friday, 18 Dec 2009. However, stocks may exhibit a range-bound movement on alternate bouts of buying and selling.
According to data released by the NSE, in the last session, FIIs were sellers of index futures to the tune of Rs 600.74 crore and sold index options worth Rs 365.33 crore. They were net sellers of stock futures to the tune of Rs 105.73 crore while bought stock options worth Rs 0.30 crore.
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