"Initiatives are also underway to launch in three more circles by the end of Quarter 1, 2010. These milestones are consistent with our plans which we had previously announced to the market" added Mr. Kaliaropoulos.
"STel is one of the first new operators to enter the market in a very timely manner due to infrastructure sharing with existing operators" mentioned Mr. Swaminathan, Director STel.
STel has licences for Himachal Pradesh, Orissa, Bihar, Jharkhand, Jammu and Kashmir and Assam circles.
STel has tied-up over Rs 2,000 crore with debt component of Rs 953 crore and the promoters (Siva Group) and Batelco have already brought in Rs 1,253 crore as equity capital.
Batelco has 49% stake in S Tel and the Siva group holds 51% stake.
"STel is also exploring its participation in the forthcoming auction for 3G mobile spectrum. Both the Siva and Batelco Groups are assisting in the process but we have to decide which circles we will be bidding for" said Mr. Kaliaropoulos.
STel CEO Shamik Das, said, "The six growth circles with a population of 226 million people provide an opportunity to deliver a tailored, relevant value proposition."
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Batelco Group Company STel, launches mobile services in India
- Bahrain: Wednesday, December 16 - 2009 at 16:51
- PRESS RELEASE
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Stel, a Batelco Group joint venture company in partnership with the Chennai-based Siva Group, officially launched its mobile services today in Himachal Pradesh and in the next ten days in Bihar and Orissa, announced Mr. Peter Kaliaropoulos, Batelco Group CEO
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Posted by Husam OdiabatWednesday, December 16 - 2009 at 16:51 UAE local time (GMT+4)
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About Batelco:
Batelco Group, listed on the Bahrain Stock Exchange, is the leading integrated communications' provider in the Kingdom of Bahrain and a company of reference among the region's key telecommunications players for innovation and customer experience.
Batelco serves both the corporate and consumer markets in the most liberalised and competitive environment in the Middle East Africa region. It delivers cutting-edge fixed and wireless telecommunications services to its customers in Bahrain, Kuwait, Saudi Arabia, Jordan, Yemen, Egypt and India.
The Batelco Group of companies offers end-to-end telecommunications solutions for its residential, business and government customers in Bahrain on Next Generation, all IP fixed and 3.5G wireless networks, MPLS based regional data solutions and, GSM mobile and WiMax broadband services across the countries in which it operates.
For further information, please contact:
Batelco Public Relations Office
TEL: +973 17884116 / 17884157
Batelco Group, listed on the Bahrain Stock Exchange, is the leading integrated communications' provider in the Kingdom of Bahrain and a company of reference among the region's key telecommunications players for innovation and customer experience.
Batelco serves both the corporate and consumer markets in the most liberalised and competitive environment in the Middle East Africa region. It delivers cutting-edge fixed and wireless telecommunications services to its customers in Bahrain, Kuwait, Saudi Arabia, Jordan, Yemen, Egypt and India.
The Batelco Group of companies offers end-to-end telecommunications solutions for its residential, business and government customers in Bahrain on Next Generation, all IP fixed and 3.5G wireless networks, MPLS based regional data solutions and, GSM mobile and WiMax broadband services across the countries in which it operates.
For further information, please contact:
Batelco Public Relations Office
TEL: +973 17884116 / 17884157
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