"We are waiting for the the telecom policy to come before we can decide on our fund raising plans including IPO," SSTL President and CEO Vsevolod Rozanov said here today on the sidelines of celebration for MTS crossing two million customer base in West Bengal.
The new National Telecom Policy (NTP) is likely to come in October and the company expects it will provide a clear direction for its long term planning.
He further said the company is looking at ways other than IPO as well, to raise money for investments next year.
"There are various options before us and IPO is one of them. We are working towards it like having adequate independent directors, scaling up operations. However, work and investment will not stop if IPO does not come soon as there are alternate means of financing," Rozanov said.
The investment for 2011, was funded by capital raised from 17.14% stake sold to the Russian Federation.
Rozanov did not elaborated on investment plan for 2012, however he said the company is working to introduce Version B of CDMA technology for faster data movement by modems.
"By September (Q3) we will launch this new technology for trial in Rajasthan," he said.
This technology is nothing but EVDO-B which can offer faster speed to the users as compared to GSM 3G. MTS garners 28% of its revenue from non-voice, of which about 20% comes from data services.
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