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Examples
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DUBAI – Bahrain's Batelco, the country's biggest telecom operator, has signed an agreement to sell its 42.7% stake in India's STel to Sky City Foundation for 65.8 million Bahraini dinars $175 million, exiting its investment in the South Asian country, where a far reaching investigation is being carried out into the award of 2G licenses.
Bahrain's Batelco to Exit India Tim Falconer 2012
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Batelco said last week that it, STel management, other STel shareholders and legal advisers were all carefully studying the detailed judgment handed down by India's Supreme Court.
Bahrain's Batelco to Exit India Tim Falconer 2012
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It's just a shame that the Tel/STel/Spectator aren't all that far behind.
John Terry’s sacking as England captain tells us something interesting... 2009
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Batelco's exit is the first by a foreign investor after India's Supreme Court on Feb. 2 canceled wireless permits won by 11 companies including STel in a 2008 sale, which is being probed by federal auditors and investigators.
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Batelco, as the Manama, Bahrain-based company is known, sold its entire 42.7 percent stake in STel Pvt. to Sky City Foundation Ltd. for $174.5 million, it said in a statement yesterday.
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Another, new entrant STel, which launched its services in three circles in December, also managed to garner over 2 lakh users in January.
News Centre@myiris.com India's Most Comprehensive Financial Destination 2010
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Etisalat, Loop, telenor, Spice, Videocon and STel were not fulfilling their rollout obligations, thereby hoarding spectrum.
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Idea forked out Rs5,768. 59 crore for 11 circles and STel Rs337. 67 crore for three circles.
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Another, new entrant STel, which launched its services in three circles in December, also managed to garner over 2 lakh users in January.
News Centre@myiris.com India's Most Comprehensive Financial Destination 2010
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Another, new entrant STel, which launched its services in three circles in December, also managed to garner over 2 lakh users in January.
News Centre@myiris.com India's Most Comprehensive Financial Destination 2010
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