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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  • DB February 14, 2012 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 February 12, 2012 8:46 pm

    @BIBHUTI
    STEL has been closed our service in all cercile

  • nISK February 11, 2012 11:58 pm

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

  • Divya February 11, 2012 10:48 pm

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

  • Lucky February 11, 2012 9:44 pm

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

  • hari February 11, 2012 8:10 am

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

  • Zeeshan February 10, 2012 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 February 10, 2012 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 February 10, 2012 2:58 pm

    STEL NETWORK NOT AVALIABLE FROM 10 A.M. TODAY

  • Saurabh February 10, 2012 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.

  • Jitendra February 9, 2012 4:06 pm

    Almost all private operators like Idea, Vodafone etc are waived off porting charges in Mumbai.

  • Mama February 9, 2012 3:36 pm

    I think that uninor will never stop its services one more thing is that Uninor is the reason to make the calls cheaper . Request the indian government to take the positive action on the operators which will not affect the indian economy again.

  • Kaushik Roy February 9, 2012 2:28 pm

    Amit :
    Following message is being displayed on Stel.in website… lol
    “This message is being issued in the light of the recent judgement from the Supreme Court on 2G licenses. We are ascertaining next steps in consultation with our advisors. Meanwhile, as our most valued subscribers, we would also like to inform that if you may so deem fit, you may opt for exercising the mobile number portability option available with you and our customer care service shall render all necessary support in this regard. For any queries that you may have, please feel free to mail us”

    Means STEL will quit surely

  • Akzey February 9, 2012 1:23 pm

    @RDB I Really liked the Article’s Title! :)

  • Amit February 9, 2012 12:28 pm

    Following message is being displayed on Stel.in website… lol

    “This message is being issued in the light of the recent judgement from the Supreme Court on 2G licenses. We are ascertaining next steps in consultation with our advisors. Meanwhile, as our most valued subscribers, we would also like to inform that if you may so deem fit, you may opt for exercising the mobile number portability option available with you and our customer care service shall render all necessary support in this regard. For any queries that you may have, please feel free to mail us”

  • anubhav11 February 9, 2012 11:40 am

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

  • Mohit Chauhan February 9, 2012 10:15 am

    I am also keen to know who bought these S TEL Shares..!since the whole market is aware of scene they are in..~

  • Kaushik February 9, 2012 10:11 am

    a state of chaos prevailing over telecom matters. government should not let this go on for long. its bad for the investors as well as the end users.

  • anubhav11 February 9, 2012 8:37 am

    @zeeshan yes i think it will be aircel or vodafone. Tata docomo does not have its own network and uses network of aircel in hp.

  • Abhijith February 9, 2012 7:13 am

    @WiMAX
    after all next step is increasing of tariff . . . . Govt asked to surrender or additional payment for additional licence holding by old operators . .

  • zeeshan February 9, 2012 12:08 am

    @anubhav11
    I think Tata Docomo or aircel will go for it.

  • fiirstonnet February 8, 2012 11:48 pm

    Now no one foreign Co. will show interest to invest huge money for business in our country. Very bad image created by UPA govt among the foreign investors.shame on you currupted govt.

  • Vinayak Pai February 8, 2012 11:34 pm

    WHo will buy their shares???? Is it not a dead investment?

  • WiMAX February 8, 2012 11:21 pm

    manish :
    @WiMAX
    only 4.4 mhz is freed in delhi

    but after cancel of 2g spectrum it will be free atleast 11.5 mhz. so what u think about it?

  • SD February 8, 2012 11:09 pm

    I wonder, how many mouths do people have now-a-days? A month or two ago when TT enlightened the false deduction issue of Vodafone, everyone shouted against it, they wanted them to quit India(jaise ki koi azadi ka jung chir gaya ho), mentioning it as a British company…blah blah blah.
    when Uninor threatens to quit, Stel(Batelco) decides to sell shares, MTS is in jeopardy etc happen to foreign companies/investments. Vodafone’s services are far better than uninor(poor coverage)/mts(cdma…???)/stel(no network!). There were many complaints against Vodafone at that time, I agree. But Uninor, MTS, Stel customers also have issues/problems/complaints. The biggest joke is of course…you guessed it right…TOWER KIDHAR HAI YAAR? TOWER HOGA, TABHI TO DEALER HOGA, TABHI TO CUSTOMER HOGA, TABHI TO PROBLEM HOGA, TABHI TO COMPLAINT HOGA! British investment is bad, Norway’s is good? Unitech is a realty company, why did Telenor enquire first & then invest instead of crying foul now? Batelco(came to know this name after SC’s decision)…another joke. Stel…har jagah ka liscense leke baitha hai lekin reliance ki daya pe chalta hai, woh bhi makan ka bhara nehi diye bina! Diya na gharse nikal ambani ne? Ye company, 3g ki permission leke bathi hai, lo karlo baat!
    Suno yaaro, ye jo tumlog Uninor,Stel,MTS ka shok mana rahe ho ke ye gaye to affordable tariff bhi gaya…aisa koi baat hai hi nehi. Ye companies koi mid-day meal ka hotel nehi chalati hai, 1 saal jane do, inka bhi nakhun nikal ayega. Koi dudh ka dhula nehi hai.
    I’m not for Voda, I’m not for Uninor, I’m not for ANYONE.
    Jise jana hai, jane do.
    Life me ya duniya me koi jagah khali zyada der nehi rehta hai.
    “Agar gaya MTS/Stel/Uninor,
    Fikar mat karo ayega koi aur.”
    Peace.

  • sAM February 8, 2012 10:35 pm

    hope Batelco again cum 2 India via fresh invstmnts during spectrum re-allocation whch wil take place shortly..

  • BIBHUTI February 8, 2012 10:23 pm

    patna mai abhi bhi aacha se kaam kar rha hai.

  • biswajeet February 8, 2012 9:46 pm

    Fake network hai,
    but rate sasta h

  • anubhav11 February 8, 2012 9:42 pm

    stel network has been totally shut down in himachal pradesh from yesterday……most imp. is that stel has wasted 3g license in hp…….. its 3g license should be auctioned as soon as possible (hope vodafone buy its 3g license)

  • manish February 8, 2012 8:42 pm

    @WiMAX

    only 4.4 mhz is freed in delhi

  • Sourav February 8, 2012 8:38 pm

    So is stel going to close in odisha?

  • AsitPaul February 8, 2012 8:34 pm

    Really a bad move.
    Will S Tel participate in Auction?

  • WiMAX February 8, 2012 8:28 pm

    now can tata docomo get 2g spectrum in delhi? as SC cancel 122 2g licenses ,, so lots of 2g spectrum will free in pan india,, so can TRAI award tata docomo start-up 2g spectrum? pls anybody ans my question,, thanks.

  • sonu February 8, 2012 8:23 pm

    why stel is exist even after failing to restore the network? shame

  • Raghu February 8, 2012 8:23 pm

    may be Batelco will enter the auction again when it is done through tie up with some other new operator.

  • Vimal February 8, 2012 8:22 pm

    Good sign or bad sign ? What does it mean dont you think this move will make foreign operator to think twice to enter Indian market ?

  • Mama February 8, 2012 8:20 pm

    I think this is the sign of the exit of the foreign investors from the telecom sector of india?