Den networks giving pref shares to Goldman Sachs to raise funds…
“Dawar said the funds raised through the issue will be used towards expansion of the broadband business and to pare debt”
IMHO the next few years will see boom in the broadband space similar to what we saw in the mobile telephoney from 2002 till now.
Demand for optic fibres has just started moving up and there is a long long way to go. Aksh which has about 18% of the world market share in frp rods will benefit the maximum because not only will it supply the finished product but the raw material as well to several companies who might win the orders.
This is the Golden period for Aksh and hope we all as investors benefit from the surge in demand and consequently the share price as well