As per the Supreme Court’s judgment in the 2G spectrum case, the operator faces termination of 15 licences. After that, the company announces its strategy to depart the Telecom market by 31st March 2012.
Soon after that, it was reported that Etisalat was taking action against its Indian joint venture associates on basis of deception and misrepresentation.
The company had initiated lawful actions against Vinod Goenka and Shahid Balwa, both promoters of DB Realty and Majestic Infracon Private Limited, a DB Group company.
In 2008, Etisalat had paid $900 million for a 45 per cent stake in Swan Telecom, later on renamed Etisalat DB, with Majestic and other minority investors owning the rest.
Now, as the next step, the company has advised its consumers in India to relocate their mobile number to another operator earlier to the planned suspension of its services on March 31, 2012.
In a declaration, Etisalat said, “Customers are encouraged to change their Cheers number to a network of their pick immediately by subsequent the process approved by India’s telecommunications regulator the TRAI.”
“Customers may logon to www.cheersmobile.in or call 121 for information on carrying out the changeover.”
“Cheer’s wishes to express gratitude its subscribers for their custom and regrets any problem caused.”