Cash crunch cramps STel
Sep 6, 2011 at 11:15 am in News by LT Writer · Leave a Comment »
Mobile operator STel is finding it difficult to provide “connectivity” to its customers as its network vendors have started disconnecting services over non-payment of dues.
The telecom service provider, which is 49 per cent owned by Bahrain Telecom (Batelco), has been unable to pay its network vendors over the last few months because of a cash crunch.
Mobile operators have been unable to secure loans from financial institutions and banks because of the uncertainty prevailing in the telecom sector. STel is one [read more →]

