UnitedStateshaslongstoodastheunrivaledleaderinInformationandCommunication

Technologies(ICTs).ICTisubiquitous,supportingeveryindustrysector,improvingthe
capabilitiesandproductivityofeverybusiness,andprovidingbenefitstoeveryhomeand
individual.ICTisoneoftheareasoffocustoachieveUNsMillenniumDevelopmentGoals.
Overthelastseveraldecades,thedevelopmentoftheICTindustryhasmadeapositive
impactonnearlyeveryfacetoftheU.S.economy.Advancesintelecommunications
dramaticallytransformthewayinwhichpeoplelive,work,learn,communicateandconduct
business.theICTindustrycontributed$1trilliontoU.S.GDP,or7.1%ofGDP,including
$600billionfromthesectoritselfand$400billioninbenefitstoothersectorsthatrelyon
ICT.1The ICTsectorsdirectcontributionstoGDPhaveincreased25%sincethe1990s,
growingfrom3.4percentin1991-1993to4.2percentin2005-2009,thehighestgainsofany
industrysector.

TechnoCommunicationCorpisatelecommunicationsserviceproviderbasedoutofNew
York.ItislistedintheNewYorkStockExchangeasTCCandistradingatavalueof200$/
sharewithaMarketCapof100BillionUS$overabookvalueof120US$/share.Itis
currentlyoperatingoutof5countrieswiththeirmainmarketbeingUnitedStatesofAmerica.
TCCisapioneerinhighspeeddata. TheCEO,hasambitiousplanstosetupabasein
CentralAfricaandprovidehighspeeddataandvoicenetworktothecitizensthere.ThePR
teamhasspunthisstoryoffwellandthestocksoaredupandreachedanalltimehighof
250$on18October2016.TCCmadefrontpagenewsinmostdailieswiththeirambitious
goalsofsettingupICTsystemsinCentralAfrica,inTanzania,CongoandCentralAfrican
Republic.

ThemainproblemofICTisfacedbyleastdevelopedcountriesasoneofthemajor
hindrancestheyfaceislackofpropernetworkstoaccessinformationandcommunicate.
HoweverTCCsettingupICTsinCentralAfricawillbeahugemoveforthem.Thenewsthat
TCCwouldspendbillionstodigitalizesomeCentralAfricancountriesgottheattentionof
MajorRatingAgenciesandInvestmentBanks.Congonolongerhadjunkbondstatusand
wasbracketedasBBB-byMoodys.GoldmanSachsandJ.PMorganbeganbuyingBonds
issuedbyTanzanianGovernmentsCentralBankworthBillionsofUS$withtheexpectation
thattheinvestmentinTechnologywillbringupthecredibilityandtheeconomyofTanzania.

AlphaHedgeFundisaglobalInvestmentCompanywithAUM(AssetsunderManagement )
of80BillionUSD.AlphaHedgeFundsPortfolioManagerseeingtheopportunityinthis
sectorboughtstocksofbothTCCandGoldman,JPMorganandafewotherInvestment
BanksinvestedinthedealwiththeAfricanGovernment.AlphaHedgeFundhadbought
enoughfundstogetthemselvesaBoardseatinTCCandhadaoverallexposureof10
BillionUSDinthisentiredeal.

HoweverduetoinstabilitiesinGovernanceintheCentralAfricancountries,therewasa
revoltfrom
thepeopletoremovethepresentGovernment.ThepeoplefeltthatUSAused
theirmight
toprotectthepresentGovernmentandhenceharbouredanti-USAfeelings.
PeoplewentaboutvandalisinganddestroyingTCCssitesandalsomurderedtwoTCC
engineers. TCCwasforcedtoretract fromthesecountriessensingthepoliticalinstability.
Thestockreachedanalltimelowof130US$/sharewithlotsoftheirmoneyinvestedinsunk
capitalintheCentralAfricancountries.ThecredibilityoftheGovernmentfellandtheywere
onceagainrelegatedtoJunkBondstatus.AstheMajorInvestmentBankshadbought
billionsworthofBondsfromthereandthechanceoftheGovernmentrepayingtheBondwas
almostclosetonil,thesharepricesoftheseInvestmentBankingcompaniesfellheavily.

AlphaHedgeFundwasthebiggestloserastheywereheavilyinvestedinthisentiredeal
anddueto someunforeseencircumstancesthedealwenthaywire.Yourexposureof10
BillionUSDisnowworth3billionUSD,TCChascompletelygonebustandtheManagement
iswillingtosellthecompanyfor30BillionUSD.Now as the Portfolio Manager what
would you do