Gurgaon, May 28, 2010: MTS, the mobile telephony services brand of Sistema Shyam TeleServices Ltd (SSTL) in Delhi and NCR telecom circle celebrated a milestone today by unveiling its 100th MTS Branded Retail store in Gurgaon. The store was inaugurated by Mr. Atul Joshi, Chief Sales Officer, SSTL and Mr. Sanjay Bahl, Chief Operating Officer, Delhi NCR & Haryana, SSTL. MTS now possesses an impressive chain of 450 Branded Retail Stores in India.
Located at Old Railway Road in Gurgaon, the store aims at catering to the needs of customers while enhancing convenience and making their experience with MTS enjoyable. Displaying rich world of Value Added Services, the store will allow customers to explore best-in class range of superior products and services of MTS.
Inaugurating the 100th mono-branded store in Gurgaon, Mr. Atul Joshi, Chief Sales Officer, Sistema Shyam Teleservices Limited (SSTL) said, “We are delighted to announce the launch of our MTS 100th Branded Retail Store in Gurgaon. We have always strived towards enhanced customer satisfaction. With the launch of this store, our services would be more accessible to our customers in Haryana. Offering a relaxing and interactive environment for customers, this store is aimed at inspiring and educating them on the benefits of MTS services. Spread over 150 sq feet, furnished with a sales desk and a help desk, it will staff 4 to 5 customer care executives”.
Mr. Sanjay Bahl, Chief Operating Officer, Delhi NCR & Haryana, Sistema Shyam Teleservices Limited (SSTL) said “Inauguration of MTS 100th Branded Retail Store in Gurgaon is our sincere endeavor to empower more and more customers to experience the benefits of our entire range of superior products, services and VAS (value-added service) offerings. This new store is aimed at addressing the service needs of MTS customers”.
Catering to the world’s fastest growing-mobile market, MTS is expanding its presence across India by offering value-for-money tariff plans, quality service and investing significantly in network expansion. With the launch of MTS services in Andhra Pradesh and Maharashtra recently, MTS is now present in 12 telecom circles and aims to have a national footprint in all 22 telecom circles across India. In a very short time, MTS has already acquired a strong base of over 4.5 million subscribers in India.
Being the fastest growing data operator in India, MTS has also been a front runner in introducing world-class, cutting-edge technologies in India to enhance customer experience.
Saturday, May 29, 2010
CDMA 3G auction expected in 6 months
After GSM, it’s turn of CDMA
SHASHWAT GUPTA RAY
Friday, May 28, 2010 AT 11:11 AM (IST)
PUNE: Following the auction of spectrum for GSM mobile service providers, government of India is likely to undertake a similar exercise for releasing spectrum to CDMA service providers.
Recently, the country witnessed first 3G spectrum auction for GSM service providers. The availability of spectrum will enable mobile operators to provide new services like TV on mobile, games, and music, while also improving voice quality and reducing call drops.
“Currently, we are offering second generation (2G) services, which are on par with 3G service. But like GSM operators, we too are looking at further upgrading our services, for which we have to migrate to next generation technology, which is 3G. We are in talks with the government. We expect that a similar auction of spectrum for CDMA operators will happen in next six months to one year,” Deputy Chief Executive Officer, Sistema Shyam Tele Services Limited (SSTL) T Narasimhan told Sakal Times.
SSTL, a joint venture between Sistema of Russia and the Shyam Group of India owns the CDMA mobile telephony brand MTS.
The government has earned Rs 67,719 crore as its share of the revenue from the spectrum bid. In all, 71 3G slots were allocated over 22 telecom divisions in the country. However, Narasimhan said that for CDMA spectrum auction, the government may not earn such high amount.
“The CDMA players are much lesser in number than GSM players, the number of bidders will be very less. This in turn may result in lesser revenues for the government. However, everything depends upon the spectrum available. We will go for very high speed services up to 7 mbps,” he said.
The availability of more spectrum for CDMA players not only means enhanced services, but also saving more capital expenditure.
Tuesday, May 25, 2010
MTS enters Pune for telephony services
Pune, 25 May, 2010: MTS, the mobile telephony services brand of Sistema Shyam Tele Services Ltd (SSTL) today launched its voice services in the city of Pune covering the western Maharashtra. The company already has a presence in the data services and with the launch ofvoice services MTS has completed its roll out in the city and the region. MBlaze service will now be available in the regional towns of Solapur, Kolhapur, Sangli, Jalgoan and Ahmdnagar and a total of 17 cities in the State.
MTS also made an inaugural promotional offer of half a paisa per second call charges, promising the best value proposition for its subscribers among the existing operators and competition. MTS subscribers can connect between MTS to MTS network at just one paisa for four seconds with lifetime validity.
Mr. Vsevolod Rozanov, CEO and President of SSTL said, “Launch of MTS voice services in Pune heralds the presence of the voice and high speed data services across the State of Maharashtra and our entry into the Western region of India in a big way. Having completed our launch in South India, we will now strongly affirm our presence in western India this year”.
Mr. Suubodh Kumar Srivastava, Chief Operating Officer of Mumbai, Maharashtra & Goa, SSTL, said “MTS will have its network presence across the State from the first day of the launch, giving the subscribers the benefit of our special offers of half a paisa per second for all local calls in Maharashtra, Goa & Mumbai; one fourth a paisa per second for MTS to MTS calls, bundled with complete range of value added services. With our presence across State, we hope to reach subscribers through our Branded stores, mass retail outlets & direct sales force with an aggressive strategy for tapping the mass market as well as corporate customers.”
MTS services are available in 984 towns of the State.MTS has a large, seamless high-speed mobile data services network in India offering speeds of up to 3.1 Mbps in 74 cities across India. MBlaze service offers 24 hours of free download as part of the inaugural offer with no roaming surcharges while using the MTS network across India. Free internet browsing to certain websites like Make MyTrip, Wikipedia, Yahoo India will allow subscribers to stay abreast with the latest in news, sports and fashion.
MTS also made an inaugural promotional offer of half a paisa per second call charges, promising the best value proposition for its subscribers among the existing operators and competition. MTS subscribers can connect between MTS to MTS network at just one paisa for four seconds with lifetime validity.
Mr. Vsevolod Rozanov, CEO and President of SSTL said, “Launch of MTS voice services in Pune heralds the presence of the voice and high speed data services across the State of Maharashtra and our entry into the Western region of India in a big way. Having completed our launch in South India, we will now strongly affirm our presence in western India this year”.
Mr. Suubodh Kumar Srivastava, Chief Operating Officer of Mumbai, Maharashtra & Goa, SSTL, said “MTS will have its network presence across the State from the first day of the launch, giving the subscribers the benefit of our special offers of half a paisa per second for all local calls in Maharashtra, Goa & Mumbai; one fourth a paisa per second for MTS to MTS calls, bundled with complete range of value added services. With our presence across State, we hope to reach subscribers through our Branded stores, mass retail outlets & direct sales force with an aggressive strategy for tapping the mass market as well as corporate customers.”
MTS services are available in 984 towns of the State.MTS has a large, seamless high-speed mobile data services network in India offering speeds of up to 3.1 Mbps in 74 cities across India. MBlaze service offers 24 hours of free download as part of the inaugural offer with no roaming surcharges while using the MTS network across India. Free internet browsing to certain websites like Make MyTrip, Wikipedia, Yahoo India will allow subscribers to stay abreast with the latest in news, sports and fashion.
Monday, May 24, 2010
SSTL clocks 427000 users in April 2010 !
Picking up the broken pace, SSTL has added 427000 subscribers in Apr 2010, an increase of 11% over March 2010.
The lowest cost plans of the company are getting traction and combined with the recent burst of local TV advertising, the company seems to be on track to achieving 10 million customers by end of the financial year...!!
Hooray !!
The lowest cost plans of the company are getting traction and combined with the recent burst of local TV advertising, the company seems to be on track to achieving 10 million customers by end of the financial year...!!
Hooray !!
Friday, May 21, 2010
Merger loophole for CDMA players in TRAI recommendations ?
Whilst merger of two GSM licenses as per the current TRAI recommendations would invite huge payments to the govt for one part of 6.2Hz or more held at difference of spectrum price and that paid, which will thus ruin the business case of the merger totally. .....
However it seems at first instance that IF A CDMA PLAYER MERGES WITH A GSM PLAYER, this payment to the government will not be mandated. This means that if SSTL merges with any of the GSM players, the outgo to the govt will be negligible whilst the other synergies ( GSM players' focus on voice and SSTL focus on data) of the two companies merging would benefit the shareholders as full valuation may be realized......
We hope the management is keeping its options open ...!!!
However it seems at first instance that IF A CDMA PLAYER MERGES WITH A GSM PLAYER, this payment to the government will not be mandated. This means that if SSTL merges with any of the GSM players, the outgo to the govt will be negligible whilst the other synergies ( GSM players' focus on voice and SSTL focus on data) of the two companies merging would benefit the shareholders as full valuation may be realized......
We hope the management is keeping its options open ...!!!
MTS India Wins National Telecom Award for the Fastest Growing Data Operator
MTS India, the CDMA mobile telephony brand of Sistema-Shyam Teleservices (SSTL) has been conferred National Telecom Award for being the fastest growing data operator in India.
Mr.Vsevolod Rozanov, CEO, Sistema Shyam TeleServices Ltd. received the award on behalf of the company from Mr J S Sharma, Chairman, Telecom Regulatory Authority of India and Mr P J Thomas, Secretary, Department of Telecom, Government of India. The award is recognition of MTS establishing itself as a fastest growing data operator in the market.
MTS India has close to one lakh mobile broadband subscribers in less than six months, for its high speed mobile broadband service, MBlaze. Within a short span time, the company has launched its services in 12 telecom circles across the country and has already achieved a overall subscriber base of 4.5 million customers.
Speaking on the occasion, Mr.Vsevolod Rozanov, CEO, SSTL, said, “We are proud to receive the National Telecom Award for fastest growing data operator in India. This award comes as recognition of our focus on mobile data service. MBlaze, our high speed mobile data service is in over 74 cities as of now and will extend itself to over 100 cities by the end of the year.”
The National Telecom Awards are instituted by the renowned industry body CMAI Association of India, established with a vision to facilitate inclusive growth of communication sectors in India.
Saturday, May 15, 2010
SSTL to be ready for listing at end of year : CEO
'Telecom consolidation will leave just 4-6 players in the fray'
KV Ramana / DNASaturday, May 15, 2010 4:25 IST Email
Mumbai: The new entrant in the telephony segment, Sistema Shyam TeleServices, which operates under the MTS brand, is gearing up to penetrate the overcrowded market by offering lowest-ever tariffs and promoting data services. Though the tariffs seem to have stabilised for now, a major consolidation is inevitable leaving about six players in the Indian telephony sector, Vsevolod Rozanov, president and CEO of Sistema Shyam, tells DNA. Excerpts from the interview:
Being a late entrant, how do you see the market for your telephony services?
Though we are a late entrant, we have already rolled out our services in 12 circles with Andhra Pradesh being the latest. With this, we have covered all the four southern states. With the current rollout we cover almost half of the country’s market. We currently have about 4.5 million subscribers. Now, we are focusing on pan-India coverage. We are hopeful of covering the entire country by rolling out services in the remaining 10 circles as well.
How much are you investing?
Typically, each circle requires about Rs 500 crore. For the 22 circles the investment should be over Rs11,000 crore. But investment was never an issue since we came to market determined to provide the best service to the customer and stay put to gain the market.
Do you see the current tariff justifying this kind of investment and when do you think you will break even?
Tariffs are stabilising in the market. We are offering service at half paisa per second. For MTS to MTS subscriber, the tariff would be one paisa for four seconds. We are looking at more usage as a key here. But in general, with the tariffs stabilising it does not look like there will be significant erosion in tariff going forward. We are hopeful of breaking even by 2013.
You have been saying that the data services remain a focus area. How much does data contribute?
Data is going to be a big differentiator for us. We have a robust network in place to offer mobile broadband services. We have already started offering data services in several key markets in the country. I think by 2012 voice will contribute two-thirds of our revenue and the remaining would come in from data. Interestingly, compared to voice the Arpu (average revenue per user) in data is higher. Though there are other players too, the data opportunity in India is huge and there is room for multiple players.
How are you gearing up for the listing?
As per the Rajasthan High Court’s order, we have to list the company. The listing process is currently on. We are talking to the merchant bankers to decide on the timing of the listing. We will be fully ready for listing by the year-end. Importantly, we should also consider the market conditions for listing.
What is your view on the 3G auctions?
We have not participated in the auctions. But we are using CDMA technology and the kind of technology that we are offering to the customers is far superior. Even for the GSM operators participating in the auction, it would take more than a year to get ready for launching the services on 3G platform. We are already capable of offering such a service with the existing technology. I think there is a huge gap between us and the prospective 3G winners in terms of rolling out the services.
Do you see the telephony market moving towards a consolidation phase?
For any market, having 12-13 players is too much. There is every reason to believe that there will be consolidation and at this stage it looks like consolidation is inevitable.
What would be the ideal number of players in a market like India?
More than that, I think the consolidation will leave just four, five or six players in the market.
Are you planning to participate in the consolidation exercise?
We are open. We don’t mind participating in the process.
KV Ramana / DNASaturday, May 15, 2010 4:25 IST Email
Mumbai: The new entrant in the telephony segment, Sistema Shyam TeleServices, which operates under the MTS brand, is gearing up to penetrate the overcrowded market by offering lowest-ever tariffs and promoting data services. Though the tariffs seem to have stabilised for now, a major consolidation is inevitable leaving about six players in the Indian telephony sector, Vsevolod Rozanov, president and CEO of Sistema Shyam, tells DNA. Excerpts from the interview:
Being a late entrant, how do you see the market for your telephony services?
Though we are a late entrant, we have already rolled out our services in 12 circles with Andhra Pradesh being the latest. With this, we have covered all the four southern states. With the current rollout we cover almost half of the country’s market. We currently have about 4.5 million subscribers. Now, we are focusing on pan-India coverage. We are hopeful of covering the entire country by rolling out services in the remaining 10 circles as well.
How much are you investing?
Typically, each circle requires about Rs 500 crore. For the 22 circles the investment should be over Rs11,000 crore. But investment was never an issue since we came to market determined to provide the best service to the customer and stay put to gain the market.
Do you see the current tariff justifying this kind of investment and when do you think you will break even?
Tariffs are stabilising in the market. We are offering service at half paisa per second. For MTS to MTS subscriber, the tariff would be one paisa for four seconds. We are looking at more usage as a key here. But in general, with the tariffs stabilising it does not look like there will be significant erosion in tariff going forward. We are hopeful of breaking even by 2013.
You have been saying that the data services remain a focus area. How much does data contribute?
Data is going to be a big differentiator for us. We have a robust network in place to offer mobile broadband services. We have already started offering data services in several key markets in the country. I think by 2012 voice will contribute two-thirds of our revenue and the remaining would come in from data. Interestingly, compared to voice the Arpu (average revenue per user) in data is higher. Though there are other players too, the data opportunity in India is huge and there is room for multiple players.
How are you gearing up for the listing?
As per the Rajasthan High Court’s order, we have to list the company. The listing process is currently on. We are talking to the merchant bankers to decide on the timing of the listing. We will be fully ready for listing by the year-end. Importantly, we should also consider the market conditions for listing.
What is your view on the 3G auctions?
We have not participated in the auctions. But we are using CDMA technology and the kind of technology that we are offering to the customers is far superior. Even for the GSM operators participating in the auction, it would take more than a year to get ready for launching the services on 3G platform. We are already capable of offering such a service with the existing technology. I think there is a huge gap between us and the prospective 3G winners in terms of rolling out the services.
Do you see the telephony market moving towards a consolidation phase?
For any market, having 12-13 players is too much. There is every reason to believe that there will be consolidation and at this stage it looks like consolidation is inevitable.
What would be the ideal number of players in a market like India?
More than that, I think the consolidation will leave just four, five or six players in the market.
Are you planning to participate in the consolidation exercise?
We are open. We don’t mind participating in the process.
Wednesday, May 12, 2010
TRAI guidelines big positive for the company ?
The recently announced TRAI guidelines for spectrum allocation and pricing seem to be a big positive for the company provided the DOT approves them.
The CDMA operators have been allowed to hold upto 5 Mhz of spectrum value for which in 800-900 Mhz band will be 1.5 times the discovered 3G pricing. Going by a conservative estimate this itself will value the spectrum that the company can hold to approximately 20000 cr. or roughly 80 rs per share!!
We shall be keenly watching developments on this front and updating you.
The CDMA operators have been allowed to hold upto 5 Mhz of spectrum value for which in 800-900 Mhz band will be 1.5 times the discovered 3G pricing. Going by a conservative estimate this itself will value the spectrum that the company can hold to approximately 20000 cr. or roughly 80 rs per share!!
We shall be keenly watching developments on this front and updating you.
SSTL seeks more funds
| Sistema Shyam in talks to raise $300-400 mn to fund expansion |
| Press Trust of India / Hyderabad May 11, 2010, 21:10 IST |
The funds will be used mainly towards the expansion of operations in 12 circles in the country, Sistema Shyam TeleServices (SSTL) President and Chief Executive Vsevolod Rozanov told reporters here.
"We are also in talks with some of the Indian banks to raise around $300-400 million to fund our short-term growth plans lined up this year," Rozanov said.
The company will complete setting up of network in all the 22 telecom circles by the year-end, he said.
Rozanov said currently they are present in 12 circles and the remaining 10 will be covered by the end of 2010.
"We have necessary licences on hand and infrastructure is in place in every circle. We will launch services in all the circles before the end of the year," Rozanov said after announcing the launch of its MTS code division multiple access (CDMA) services in Andhra Pradesh.
The company will be investing Rs 400-500 crore in each of the four southern states.
SSTL launches services in Andhra Pradesh
| BS Reporter / Chennai/ Hyderabad May 12, 2010, 0:45 IST |
Announcing the launch of its MTS services in the state, which completes the company's presence in the entire south corridor and 12 circles across the country, on Tuesday, SSTL president and chief executive Vsevolod Rozanov said the plan for this year was to complete all the 22 circles with an investment of over Rs 5,000 crore. SSTL had tied up with Mobile TeleSystems (MTS), a $10-billion operator in Russia and the eighth largest telecom brand in the world, to franchise the brand in India.
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The MTS-to-MTS charges within Andhra Pradesh will be one paisa for four seconds.
Replying to a query, Rozanov said the company would switch to another vendor if China-based Huawei Technologies’ products were not allowed into India.
It may be recalled that the Indian government has blocked Huawei Technologies and ZTE Corporation from selling telecom network equipment to domestic phone carriers due to security reasons.
Friday, May 7, 2010
President signs amendment for stake puchase of SSTL
http://eng.kremlin.ru/text/news/2010/05/225832.shtml
May 4, 2010
19:20
News
Dmitry Medvedev signed the Federal Law On Amending the Federal Law On the Federal Budget for 2010 and the Planning Period of 2011-2012.
The amendments specify the upper limit of Russia’s state internal debt for 2010 and the planning period of 2011-2012, as well as its state internal debt’s upper limit under the state guarantees of the Russian Federation denominated in its national currency, for the same period. It also specifies the upper limits for the State Programme of the Russian Federation on External Borrowings for 2010 and the planning period of 2011-2012, and for the programmes on state guarantees of the Russia Federation denominated in its national currency and in foreign currency, for the same period.
The law also sets forth individual powers held by Vnesheconombank with regard to provision and performance of state guarantees, which powers it exercises on the instructions from the Government of the Russian Federation.
print
May 4, 2010
19:20
News
Dmitry Medvedev signed the Federal Law On Amending the Federal Law On the Federal Budget for 2010 and the Planning Period of 2011-2012.
The amendments specify the upper limit of Russia’s state internal debt for 2010 and the planning period of 2011-2012, as well as its state internal debt’s upper limit under the state guarantees of the Russian Federation denominated in its national currency, for the same period. It also specifies the upper limits for the State Programme of the Russian Federation on External Borrowings for 2010 and the planning period of 2011-2012, and for the programmes on state guarantees of the Russia Federation denominated in its national currency and in foreign currency, for the same period.
The Federal Law also contains a proposal to grant the [Russian] Government in 2010 the right to appropriate the federal budget funds toward purchasing shares in the Russian-Indian joint venture, Sistema Shyam TeleServices Ltd. (Republic of India).
The law also sets forth individual powers held by Vnesheconombank with regard to provision and performance of state guarantees, which powers it exercises on the instructions from the Government of the Russian Federation.
Wednesday, May 5, 2010
MTS may acquire another telecom operator : The Telegraph
Stake shake buzz in telecom
- MTS hunts for more spectrum
JAYATI GHOSE
Rozanov: Growth focus
New Delhi, May 4: MTS is likely to take the acquisition route to grab the extra spectrum necessary to improve its mobile services.
“We need additional spectrum to improve speed (of data services),” Vsevolod Rozanov, CEO of Sistema Shyam Teleservices Limited (SSTL), told The Telegraph.
SSTL is a joint venture between Russia’s Sistema and India’s Shyam Teleservices and operates under the MTS brand.
MTS, the only company in India that offers mobile services using CDMA technology alone, is betting on the mobile data segment to increase market penetration and generate high revenues.
Tata and Reliance Telecom offer CDMA services, but they also have mobile services that run on GSM technology.
Analysts said the firm could acquire another player to get additional radiowaves as the government has refused to hand out extra CDMA spectrum.
Rozanov said while the company believed in reasonable, organic growth, it was not averse to buying another player in the Indian market if the acquisition had potential.
The company recently requested the department of telecom (DoT) to grant additional airwaves as allowed for entrants using GSM technology. While CDMA players get 2.5 megahertz (Mhz) of start-up spectrum, GSM players get 4.4Mhz.
However, the DoT turned down the request saying CDMA is a more spectrum-efficient technology compared with GSM and can cater to “more customers for the same amount of spectrum”.
MTS is not planning to get into the GSM segment. Rozanov said, “CDMA is the technology of choice for data and demand for data services will increase in the future.”
He expects the market for mobile data services to expand beyond just corporate users to include SMEs, students and small households, given the popularity of live infotainment and social networking in India. The company recently launched high-speed data service Mblaze, which includes mobile TV, and plans to launch more data services this year.
MTS, which has over 4 million subscribers, is focusing on revenues and not on subscriber additions.
“There is no sense in entering a race over subscribers. Our key focus is to improve average revenue per user (ARPUs) and it is seen that data subscribers have low churn rates and generate high ARPUs,” said Rozanov.
MTS competes with Reliance Communications, Bharti Airtel, Vodafone and Tata DoCoMo to attract high revenue generating data users.
The firm is expecting an investment of $800 million from the Russian government for a 20 per cent stake in the company by end of 2010. The money will fund the company's expansion plans.
MTS, which debuted in India on March 26, 2009, has rolled out services in 11 circles and is expected to complete its pan-India coverage by the end of the year.
The company said it has sufficient start-up spectrum to complete the rollout in all circles.
Top
- MTS hunts for more spectrum
JAYATI GHOSE
Rozanov: Growth focus
New Delhi, May 4: MTS is likely to take the acquisition route to grab the extra spectrum necessary to improve its mobile services.
“We need additional spectrum to improve speed (of data services),” Vsevolod Rozanov, CEO of Sistema Shyam Teleservices Limited (SSTL), told The Telegraph.
SSTL is a joint venture between Russia’s Sistema and India’s Shyam Teleservices and operates under the MTS brand.
MTS, the only company in India that offers mobile services using CDMA technology alone, is betting on the mobile data segment to increase market penetration and generate high revenues.
Tata and Reliance Telecom offer CDMA services, but they also have mobile services that run on GSM technology.
Analysts said the firm could acquire another player to get additional radiowaves as the government has refused to hand out extra CDMA spectrum.
Rozanov said while the company believed in reasonable, organic growth, it was not averse to buying another player in the Indian market if the acquisition had potential.
The company recently requested the department of telecom (DoT) to grant additional airwaves as allowed for entrants using GSM technology. While CDMA players get 2.5 megahertz (Mhz) of start-up spectrum, GSM players get 4.4Mhz.
However, the DoT turned down the request saying CDMA is a more spectrum-efficient technology compared with GSM and can cater to “more customers for the same amount of spectrum”.
MTS is not planning to get into the GSM segment. Rozanov said, “CDMA is the technology of choice for data and demand for data services will increase in the future.”
He expects the market for mobile data services to expand beyond just corporate users to include SMEs, students and small households, given the popularity of live infotainment and social networking in India. The company recently launched high-speed data service Mblaze, which includes mobile TV, and plans to launch more data services this year.
MTS, which has over 4 million subscribers, is focusing on revenues and not on subscriber additions.
“There is no sense in entering a race over subscribers. Our key focus is to improve average revenue per user (ARPUs) and it is seen that data subscribers have low churn rates and generate high ARPUs,” said Rozanov.
MTS competes with Reliance Communications, Bharti Airtel, Vodafone and Tata DoCoMo to attract high revenue generating data users.
The firm is expecting an investment of $800 million from the Russian government for a 20 per cent stake in the company by end of 2010. The money will fund the company's expansion plans.
MTS, which debuted in India on March 26, 2009, has rolled out services in 11 circles and is expected to complete its pan-India coverage by the end of the year.
The company said it has sufficient start-up spectrum to complete the rollout in all circles.
Top
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