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 East circles. In 2010 it won 3G licences in 3 circles also – Orissa, Bihar and Jharkhand, Himachal Pradesh. But in February 2012 Supreme Court of India cancelled 122 licences issued in 2008 including STel’s 2G licenses in 6 circles.

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STel’s foreign investor BaTelco sold its stake to Skycity Foundation. Without 2G services STel could not roll out 3G services. And STel did not participate in any of the spectrum auction thereafter.

STel appointed IDBI Trusteeshop Services Ltd to conduct auction process for sale of movable assets of the company in the telecom infrastructure sites of Bharti Infratel Ltd and Viom Networks Ltd.

Last date for submission of expression of interest with EMD, prior to inspection of assets is 30th October, 2013. Last date for submission of bids and date opening of bid are 06th and 09th December, 2013 respectively.

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  • manish - shimla November 22, 2014 8:41 am

    what happened to the security deposits taken from the channel partners?Can any body answer?

  • Rajesh April 2, 2014 4:41 pm

    The Supreme court has cancelled the license of stel telecom but honourable supreme court should not think for the small people who are business with them.the remailer and the distributors still haven’t got the security deposit money. I m also a distributor of stel of barpeta,Assam,unfortunately i m still waiting for the ssecurity

    • Rajesh April 2, 2014 4:54 pm

      The small business man are the victim people for the cancellation of 2G license of stel.there security deposits are became block by the company,i m also a victim people, the supreme court should be think for us.what should we now for the release of our money?

      • manish November 22, 2014 8:43 am

        Are u still waiting?

  • Sathessh January 8, 2014 1:40 am

    The very important thing relating to spectrum is not how much they can hold but how much they can make money from it by maximizing customer data base ,but according to the company mentioned here already shut down ,or they stopped all there operations in india and their pair also exited.So actually there is no need for them to hold this permit and they can’t even use it too.So the watch dog of government in telecom industry in india must initiate a circular that 3g and 4g can only be operated by those who already survied in this industry atleast for 5 years.
    Every telecom operators in india are fraud in announcing there customer data base as they always add 5-14% more.Add to this they only have very short active customers.For an operator in india the list of active customers are very less as 16-18%.Remaining 80-82% are just having a number they are not regular users and they even recharge or spend on these connections very rarely and may be inactive for mant quarters too.

    So the best thing is use this spectrum , by arranging an auction and those who need in these circles will surely purchase it.If no body will come means gov: should keep this, actually operators in india are now using a strategy as no one need spectrum,as to reduce the price considerably and to save gov: from 2g scam.Its actually only profitable for operators.As if an operator gets spectrum in very low cost means there pressure is reduced so ball is on there foot so they will surely increase the tariff to get maximum profit out of it.

    So Watchdog and Gov: must hold this spectrum and make an action in the next period.

    • Anushree January 16, 2014 8:44 pm

      Very Excellent Thought and Opinion Why should gov: doesn’t think like Mr: Sathessh.

  • wfc October 25, 2013 2:17 pm

    Good. STel was a complete waste of spectrum. India needs 5 – 6 nationwide operators max. Any more will just result in no one getting enough spectrum to run decent services.

  • Esmail October 25, 2013 10:46 am

    Is the government refunding their 3G spectrum money and taking back 15MHz of precious spectrum in 2100MHz band?

    • Tharun George October 25, 2013 1:50 pm

      Gov is not taking back the spectrum or allow it to sell it. Stel already send letter to PM months ago asking for refund.

  • SS October 25, 2013 8:30 am

    Umm, their 3g spectrum???? Wasting spectrum is not at all a good thing. AVOID group is seriously in need of additional spectrum to go pan India. And if S tel spectrum is sold, i consider only AVOID group capable of purchasing it.

    Now there’s is telco named aircel that has shutdown its services in kerela and wasting spectrum there. Why isn’t TRAI looking into this matter?

  • Tharun George October 25, 2013 8:04 am

    What about there 3G spectrum?

  • raja October 25, 2013 7:51 am

    Its Good……………….May some serious Player buy and Use these infra…..