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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13 Comments on "STel to Sell Movable Assets from All Circles before Leaving the Sector"

 

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Nishant Acharya
May 17, 2015 12:23 pm 12:23 PM

Aircel can buy 3g spectrum from STEL for Himachal Pradesh. STEL has still 3g spectrum in 2100 MHZ band for Himachal.
and STEL want to sell it.

manish
November 22, 2014 8:41 am 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 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 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 8:43 AM

Are u still waiting?

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