Batelco-led consortium grabs 36.9% stake in S-Tel; will increase to 49%

13 May 2009

According to ITP News, a Bahrain Telecommunications Company (Batelco)-led consortium has completed the acquisition of a 36.9% stake in new Indian wireless operator S-Tel. The stake was reportedly purchased for USD225 million. Commenting on the deal, Peter Kaliaropoulos, CEO of Batelco, said: ‘Conditions precedent have been satisfied and Batelco has completed the first phase of its investment in S-Tel. Batelco now holds a 36.9% share of S-Tel and in the coming months the shareholding will increase to 49%.’ S-Tel, which holds licences to operate wireless services in six telecoms circles in the north-east and north-west of the country, has yet to launch. It is understood that Batelco would now look to assist the new operator in accelerating the rollout of its network, targeting the launch of commercial services before end-2009.

India, STel (India),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.