Batelco Exits Scam Filled Indian Telecom Market, Sells of Shares in STel

Batelco Exits Scam Filled Indian Telecom Market, Sells of Shares in STelWhat comes as a predicted move after the cancellation of licenses Bahrain Telecom (Batelco) has decided to sell off its entire stake from STEL.

Batelco had 43% stake in STEL and this move makes first foreign operator to exit India.

As per DNAIndia the agreed time frame for completion of the sale is the end of October, 2012.

STel hold its licences in Bihar, Orissa, Himachal Pradesh Assam, North-East and in Jammu and Kashmir and the company is estimated to have a subscriber base of over 3.6 million and also have the rights to offer 3G services.

Even as reported earlier S Tel’s mobile network is still down in various part of company and still the restoration work is yet to be completed.

Whats your take on this move do let us know via comments.

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37 Comments on "Batelco Exits Scam Filled Indian Telecom Market, Sells of Shares in STel"

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DB
DB
February 14, 2012 11:54 am 11:54 AM

@Divya

@ DIVYA once you have ported to another network 🙂
>> My stel number is not showing network. When will it works like before?

Shankar Rai
Shankar Rai
February 12, 2012 8:46 pm 8:46 PM

@BIBHUTI
STEL has been closed our service in all cercile

nISK
nISK
February 11, 2012 11:58 pm 11:58 PM

How to get my balance back from stel , its not showing any network too.
anyone help please.

Divya
Divya
February 11, 2012 10:48 pm 10:48 PM

My stel number is not showing network. When will it works like before?

Lucky
Lucky
February 11, 2012 9:44 pm 9:44 PM

STEL network friday se odisha me nahin aa ra hai.kya stel uska operation totally bandh kar diya hai kya ?????????

hari
hari
February 11, 2012 8:10 am 8:10 AM

kal se tawar nahi hai. 180 balance hai kise spend karu. Port out v karna hai

Zeeshan
Zeeshan
February 10, 2012 4:51 pm 4:51 PM

I think you have to come out of Assam then you will be connected to other network because of Roaming. Then you can generate UPC code. Please confirm before taking any action@Himangshu Raj Saikia

Himangshu Raj Saikia
Himangshu Raj Saikia
February 10, 2012 4:23 pm 4:23 PM

STEL assam, from 2nd February not showing its tower, so im even not able to port out from Stel
please some help me
My stel number 9954411996

BIBHUTI
BIBHUTI
February 10, 2012 2:58 pm 2:58 PM

STEL NETWORK NOT AVALIABLE FROM 10 A.M. TODAY

Saurabh
Saurabh
February 10, 2012 8:11 am 8:11 AM

anubhav11 :
batelco has sold its shares to its indian partner of stel, i.e.sky city foundations pvt ltd…

The deal between Batelco and Sky City Foundations Private Ltd. was signed at the time Batelco entered India and they just exercised their option of exit. The 45% stake is sold at the same cost it was bought in 2008-09. There are very low chances of Batelco entering India again. It’s good that foreign companies are exiting. I don’t even want Uninor to stay but looking at their operations, they will somehow float. They (Uninor) are ready to bid for licenses again.

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