MTS India Boosted By Russian Govt – Approved USD 600mn Investment

By September 9th, 2010 AT 12:38 PM

Sistema Shyam Teleservices (SSTL), which offers mobile services in India under the brand name MTS, today announced that the Government of the Russian Federation has approved an equity investment about USD 600 million to infuse funds in the company.

The funds would be used for the expansion of MTS’s services in India. Presently it has 12 operational circles : Rajasthan, Tamil Nadu (and Chennai), Kerala, Kolkata, West Bengal and Sikkim, Bihar (and Jharkhand), Delhi, Karnataka, Mumbai, Haryana, Maharashtra and Andhra Pradesh.

According to the company officials it will launch CDMA Mobile and EVDO data services in UP (East), UP (West) and Gujarat by the end of this calender year and expects to start services across the remaining circles by 2011.

SSTL, a CDMA operator with pan-India spectrum is a joint venture between Russia’s Sistema and India’s Shyam Group. Sistema has a 73.71 per cent stake in the joint venture, while Shyam Group holds a 23.79 per cent stake in the company and the remaining 2.5 per cent is held by the public.

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Emadpradeep kumarsantukarannkerala Recent comment authors
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Emad
Emad

New calander year started but there is no mts EVDO in up west
false comitment jhoota waada!
i was waiting….. mts broad as it is cheap than tata but there is no evdo in my city only 144 kbps 1x

pradeep kumar
pradeep kumar

@Chetan
I bought an MTS around 10days earlier.I seldom use underground DELHI metro.On 8 sep evening while trevelling between keshemere gate and INA and back there were no signals at all in under-ground while there were very good signals the moment i came out of under-ground area.I have no idea about other under-ground section.(9136725303)

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