Batelco STEL

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

What 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… Read More

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