Unitech is having intial spectrum for 12 circles

Department of Telecommunication, Ministry of Communications & Information Technology, Government of India ("DOT") has issued the letters to the Company's Telecom Subsidiaries for allotment of 4.4 MHz of Spectrum in 1800 MHz GSM band in respect of Gujarat and Uttar Pradesh (West) Service Areas, respectively.With this, the Company have been allotted initial spectrum in 12 Service areas out of total 22 service areas. Unitech Share price closed on Thurday at Rs.120, we are expecting some upward movement in share price today.