SC impact: S Tel to wind up operations | india | Hindustan Times
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SC impact: S Tel to wind up operations

The Supreme Court judgement cancelling all the 122 licences awarded on or after January 10, 2008, has reported its first casualty. S Tel, a mobile telecom service providers in category “C” circles – Assam, Bihar, Jharkhand, Himachal Pradesh, Orissa and J&K — has decided to shut down operations. HT reports.

india Updated: Feb 21, 2012 21:11 IST
HT Correspondent

The Supreme Court judgement cancelling all the 122 licences awarded on or after January 10, 2008, has reported its first casualty. S Tel, a mobile telecom service providers in category “C” circles – Assam, Bihar, Jharkhand, Himachal Pradesh, Orissa and J&K — has decided to shut down operations. It has already informed its 3.5 million subscribers to migrate to other service providers.


“We have issued a press statement after the recent judgment of the Supreme Court, whereby we have informed that the S Tel’s subscribers if they so deem fit, they may opt for the MNP option,” said an official spokesperson of S Tel.

S Tel was a serious player and had invested Rs 1,400 crore in the project. It was the only new operator to acquire 3G spectrum through the bidding process.

The company was first to announce that it would compensate its foreign partner Batelco, a Bahrain-based company, and give back its investment of $175 million in S Tel.

“Our infrastructure and media vendors have intensified disconnection of services, since the passing of the judgment by the Supreme Court, considering that there is now no chance of the banks disbursing funds,” said the spokesperson.

“S Tel has been ascertaining with its advisors, the steps that could be taken to address the customer pain arising out of such a force majeure kind of effect created by the unfolding scenario,” the spokesperson said.