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

By October 25th, 2013 AT 3:31 AM

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.

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.

13
Leave a Reply

avatar
9 Comment threads
4 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
10 Comment authors
Nishant AcharyamanishRajeshAnushreeSathessh Recent comment authors
newest oldest most voted
Nishant Acharya
Nishant Acharya

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
manish

what happened to the security deposits taken from the channel partners?Can any body answer?

Recent Posts

Dish TV Follows on Footsteps of Sun Direct, Offers Unlimited FTA Channels in Base Pack of Rs 130

There have been a handful of DTH providers, namely Tata Sky and Sun Direct which have removed Network Capacity Fess...

Vodafone Idea Plans to Sell its Mobile Towers and Optical Fibre Assets for Rs 20,000 Crore: Report

Vodafone Idea is likely to mop up about Rs 20,000 crore from its proposed stake sale in mobile tower firm...

Best DTH Provider After New Trai Mandate: Tata Sky, Airtel Digital TV, D2h or Sun Direct?

The new direction regarding the prices in the TV industry passed by Trai last year took the DTH industry by...