Batelco to Freeze Shiva’s Assets Worldwide to Ensure $212M

Shiva Group has lost in the legal battle against its Indian telecom JV STel's partner Batelco. Batelco approached the High Court of Justice, Queen's Bench Division, in the UK on July 16 saying the defendants were in breach of the court's ruling of June 12 awarding it $212 million. The court asks the Shiva Group to clear the amount by July 26 or Batelco may freeze worldwide assets of Shiva

STel to Sell Movable Assets from All Circles before Leaving the Sector

STel, the telecom venture of Shiva Group is all way to move out from the telecom business sector of the country, as it is going to sell out its movable telecom assets via an auction procedure. STel was one of the new telecom operators who was granted licenses in 2008. STel was a regional player with commercial 2G services available in Orissa, Bihar and Jharkhand, Himachal Pradesh, Assam and North

What Happens to 3G Spectrum in 3 Circles Alloted to S-Tel?

Amidst of all telecom related mess up, it seems everyone is so concerned about 2G spectrum - its policy, allocation, reserve price and all these. But the whole thing is so messed up, considering 2G spectrum is mainly for voice, which is in turn as bread and butter for consumers and operators. But Govt. is not doing anything to get back the 3G spectrum from STel, one of the operators

Indian Telecom Still Has the Charm: Batelco

Bahrain Telecommunication Company (Batelco), which has left Indian telecom following the cancellation of STel's permits in February 2012 is looking for a re-entry in India's telecom market. As per the report by middle east's daily 'The National' Batelco CEO Sheikh Mohamed bin Isa Al Khalifa is planning to invest in existing mobile operator in India. Batelco is not interested in participating in upcoming 2G auction. In 2009 Batelco invested $225

S Tel Closer To Leave Market, Launches Online MNP Portal To Generate UPC Code For Its Customers

S Tel whose mobile service licenses has been canceled by the Supreme Court under 2G verdict has decided to wind-up its operations in all the six circles where it won licences in 2008. S Tel today launched "Online Portal" to help-out its customers to generate UPC code to port out from its network and swicth to any other operator using Mobile Number Potablity (MNP). The company said in a statement

Game Over, S TEL Suggesting Customers To Opt MNP

S TEL whose mobile service licenses has been canceled by the Supreme Court last week, has now openly asked its customers to Port Out from its Network using Mobile Number Portability (MNP). In a statement posted in its official portal it says "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