New Delhi: After the pullout by Bahrain’s Batelco from India, many international telecom players are mulling over their strategic options in India. UAE’s Etisalat has booked one of the biggest loss among global telecom majors when it wrote off investments worth USD 82 crore in India. Earlier Norway’s Telenor had decided to write down USD 72 crore.

Earlier in this month, Supreme Court had cancelled 122 licences in 22 circles. As a result of that, Norway’s Telenor, Russia’s Sistema, UAE’s Etisalat and Bahrain’s Batelco investments in India are into dire straits. In association with S Tel, Batelco used to have its mobile network service operations in six circles. In a joint venture with Unitech, Norway’s Telenor is giving its services in India in the name of Uninor. Norway’s government has 54 percent stake in Telenor. Norwegian government has initiated diplomatic talks with the government regarding its future in India. Russian company Sistema is also trying diplomatic route to resolve the issues.

However, Etisalat has still not decided about their stakes in D B Etisalat. According to sources, Etisalat is willing to pursue its operations in India and searching for options to participate in the coming license auction. But, still Etisalat is maintaining silence over the way they are going to participate in the auction. It is still not clear that whether they will participate in association with any other player or on their own. However, sources say that they will decide on this in board’s meeting to be held in Dubai in third week of this month.

DB Etisalat is a joint venture with DB Realty and Etisalat. Etisalat has 45 percent stake in the joint venture. However in Uninor, Telenor has bigher stake than Unitech