2G: S Tel hints at closure; Telenor to form new venture
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2G: S Tel hints at closure; Telenor to form new venture

Last Updated: Wednesday, February 22, 2012, 00:03
 
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2G: S Tel hints at closure; Telenor to form new venture
New Delhi: Nearly three weeks after the Supreme Court quashed 122 telecom licenses, three of the most affected companies -- S Tel, Telenor and Idea Cellular—Tuesday separately announced plans that range from indications of shutting shop to seeking review of the apex court ruling.

S Tel in a statement said it is helping its subscribers switch to other operators, a possible indication that the firm may be shutting shop.

Aditya Birla group company Idea Cellular, whose 9 licences has been qaushed by the Supreme Court, became the first company to file a 'clarificatory application' with Supreme Court, saying it had applied for licences in 2006 and not in 2008 when former telecom minister A Raja was accused of subverting the process of allocating 2G licences.

Norwegian firm Telenor announced formation of a new company by severing ties with its existing Indian partner Unitech.

Telenor also served a notice of voidance of the current shareholders' agreement on account of fraud and misrepresentation on Unitech's part and announced starting the process of business restructuring for continuing its India operations.

Responding to this Unitech said it cannot be held responsible in any manner and said that shareholders' agreement cannot be terminated by any party unilaterally.

S Tel said started reaching out to its subscribers through SMS campaign, information on website and channel partner to migrate on network of other telecom operators through mobile number portability.

"In addition, 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," S Tel said.

PTI



First Published: Wednesday, February 22, 2012, 00:03


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