Mobile Communications International June 2008
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Batelco exits India
Bahraini operator group Batelco has announced that it has sold its stake in India’s STel, due to the circumstances surrounding the country’s 2G scandal. The operator noted that it had been looking for a buyer of its share in the Indian carrier long before last week’s ruling from the Supreme Court of India to cancel the 122 spectrum licences awarded in a 2008 spectrum sale.
“We will do everything we can to stay in India,” says Telenor
Nordic operator group Telenor has said that it will do what it can to keep Indian subsidiary Uninor operating in the country. Last week, the Supreme Court of India cancelled 122 telecoms licences that were awarded in a 2008 spectrum sale, citing corruption in the sales process of the licences.
Indian court cancels 122 mobile licences
The Supreme Court of India has cancelled 122 telecoms licences that were awarded in the country’s 2G auction. The country sold its 2G spectrum licences in 2008 on a first-come, first-served basis. However, it emerged that they were sold unlawfully, with former cabinet minister Andimuthu Raja currently in jail awaiting trial for his role in the scandal. As a result, it is estimated that the country lost around $40bn in lost revenue by not auctioning the licences.
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