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

ByRudradeep Biswas TelecomTalk

Published on Oct 25, 2013 3:31am IST

Live

Hardik Jagda

CEO Proximity

AI is becoming central to modern sports broadcasting

Andrew Bonwick

Vice President of Product Development at Relm Insurance

How insurance and risk models are evolving to support satellite connectivity

Madhav Sheth

CEO of Ai+ Smartphone

Bold attempt to design smartphones specifically for Indian consumers.

Stephen Rose

CEO Render Networks

Why execution in the trenches may be the real key to AI readiness

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.

Make Telecom Talk My Trusted Source

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.

stel-number-sites

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.

Some people read for free. A few choose to support. If you found TelecomTalk useful, you can help keep us running.