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

@BIBHUTI
STEL has been closed our service in all cercile

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.

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