The Indian Supreme Court’s decision to cancel 122 2G licences seems to be having a ripple effect, with UAE based Etisalat also planning to shut down its operations in India.
According to a company statement, Etisalat has said that as unanimously resolved by the Board, Etisalat DB will be taking steps to reduce operating costs, including the suspension of its network and services, pursuant to the terms of its UAS licenses. The operator claims that the decision to cancel the licences has removed EDB’s ability to operate from June 2, 2012.
Etisalat added that the decision has been taken in order to protect the interests of all stakeholders and to avoid incurring further costs at this time of rapid change and continued uncertainty in the Indian telecommunications sector.
Further information, including the official cessation date will be communicated shortly to EDB’s customers through the appropriate channels.
Bahrain Telecom had also announced its exit from India soon after the ruling, while Telenor has announced that it is searching for a new partner to carry out its operations in the country.