1. 2G Scam Verdict: Batelco Exits STel

    MediaNama.com (Feb 9 2012)

    1. 2G Scam Verdict: Batelco Exits STel Following the Supreme Court order cancelling 122 licenses of 22 operators, Bahrain Telecom, which owns about 42.7% stake in Indian telecom operator STel has exited the venture by selling its shares at a price of $175 million back to STel, reports Moneycontrol. Batelco had formed a special purpose vehicle with Dubai based Millennium Private Equity to acquire [...] (Read Full Article)

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