Bahrain Telecommunications Company (Batelco) has stated that it is studying the judgement handed down by the Supreme Court of India on 3 February 2012, which cancelled all 122 2G licences issued in 2008 and allocated spectrum granted to eight operators, including STel, in which Batelco holds a 42.7% equity stake. A statement reads: ‘Whilst the immediate focus is on STel's customers, employees and suppliers, STel shareholders will also review the sustainability of its business operations under the revised conditions imposed by the Indian Supreme Court's recent judgement impacting the telecoms industry. Batelco was not involved in the STel licence application process nor had any knowledge of any of the events surrounding the granting of the 2G licences in January 2008..
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OVETEL Batelco ‘reviews sustainability’ of Indian unit following licence cancellations
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