Etisalat advises subscribers to ‘port out’
March 9th, 2012 - 9:49 pm ICT by IANSMumbai, March 9 (IANS) Following the Supreme Court’s order cancelling 122 telecom licenses, Abu Dhabi-based telecommunications company Etisalat Friday advised its customers to shift to other telecom operators via mobile number portability (MNP) by March 31.
The company, which operates under the brand name of Cheers Mobile, said in a statement: “Customers are encouraged to ‘port out’ their Cheers number to a network of their choice as soon as possible by following the process prescribed by India’s telecommunications regulator TRAI (Telecom Regulatory Authority of India).”
The company on Feb 22 had announced its plans of shutting down the India network and launched legal proceedings against its Indian joint venture partners Swan Telecom and Dynamix Balwas (DB) Group for fraud and misrepresentation.
The company had said that it was facing significant financial loss on its investment in Etisalat DB “despite having no involvement in the 2G license application or award process”.
Out of the 122 telecom licences, 15 were of Etisalat DB that have over 1.6 million subscribers. Following the apex court’s order, Etisalat had also written off its investments worth $827 million in Etisalat DB.
In 2008, Etisalat bought a 45 percent stake in Swan Telecom for $900 million. At the time, Swan was promoted by the DB Group.
- Etisalat sues Indian joint venture partners for fraud - Feb 23, 2012
- STel, Etisalat told to restore services till licence expires - Apr 11, 2012
- Etisalat to shut down India operation - Feb 22, 2012
- TDSAT notice to Etisalat on RComm's Rs.1,200 crore dues - Feb 23, 2012
- Etisalat says won't participate in 2G auction - Sep 05, 2012
- Etisalat writes off $827 mn, evaluates India options - Feb 09, 2012
- Networks hope to acquire more users, spectrum - Feb 03, 2012
- Companies that were issued the 122 tainted telecom licences (Lead) - Feb 02, 2012
- Telecom market dominated by older players, users wont get affected: TRAI - Feb 02, 2012
- Companies that were issued the 122 tainted telecom licences - Feb 02, 2012
- TRAI to fine operators for contravening MNP rules - Sep 19, 2012
- MNP likely to see more takers following SC ruling - Feb 02, 2012
- Less than 5 percent users to be affected: TRAI - Feb 02, 2012
- Mobile number portability not much of a hit - Dec 04, 2011
- 2G scam: Kusegoan officials question CBI charges (Lead) - Aug 16, 2011
Tags: apex, apex court, db group, dynamix, india network, joint venture partners, legal proceedings, license application, million subscribers, misrepresentation, mnp, mobile number, number portability, telecom licenses, telecom operators, telecom regulatory authority, telecom regulatory authority of india, telecommunications company, telecommunications regulator, trai