SAHARA GROUP MARKS TELECOM ENTRY WITH STAKE IN S-TEL

s-tel-logo

The Sahara group has picked up an 11.7% stake in Chennai-based telecom company S Tel, which  has unified access services licenses.The government parlance for telecom licenses that allow wireline as well as wireless services in a service area has also given   start-up spectrum for Sahara group in  Bihar, Orissa, Jammu & Kashmir, Himachal Pradesh, North East and Assam for Mobile Service.

According to a report submitted by the telecom regulator TRAI to the government. The regulator had prepared a report on the ownership of all companies that were given telecom licences last year following reports of stake sales by promote.

A Sahara executive, who did not wish to be named, confirmed that a group company by the name of Sahara India Investment Corp had picked up stake in S Tel.So far, private equity firms, Skycity Foundations and Telecom Investments (Mauritius), were believed to be holding the remaining 51% stake in the company. The S Tel website lists these two PE firms as “co-promoters”, but does not divulge any additional details on them.

STEL  also holds license  to provide broadband services across the country. Last year, S Tel attracted attention when it offered to pay Rs 13,752 crore to the government for a pan-India spectrum. Earlier in 2008, it was reported to have doubled the offer of revenue to the government for licences in all 22 circles for which it had applied for.

Reported By

Leave a Reply

5 Comments on "SAHARA GROUP MARKS TELECOM ENTRY WITH STAKE IN S-TEL"

 

Sort by:   newest | oldest
sunil kumar sahoo
December 7, 2009 9:01 am 9:01 AM

im sunil kumar sahoo completed btech n diploma in coputer sc n having a 8 month experience in telecom sector i want to be permanet part of s tel orissa.
plz contact me
9778635303
[email protected]

DJ_DM
September 15, 2009 1:24 am 1:24 AM

wen u lunch in ODISHA..??

Biswas
May 30, 2009 4:38 am 4:38 AM

Bahrain Telecommunications – (Batelco) holds 49% stake of S Tel

wpDiscuz