By March 23rd, 2009 AT 8:39 PM

TelecomTalk recently brought you a post on “MTS : A New operator in Town Now We bring the exclusive news that MTS (Mobile Telesystems) is all set to roll out its Mobile Service in Chennai-Tamil Nadu circle on March 26. Shyam Sistema Teleservices (SSTS) will launch CDMA mobile services under the brand name MTS in two telecom circles, Chennai-Tamil Nadu circle and Kerala,by this month-end company sources said.

MTS will launch its service in Chennai-Tamil Nadu circle on March 26, and most likely by March 30 in Kerala. Shyam Sistema’s CDMA services brand in Rajasthan, “Rainbow”, will be changed to “MTS” (Mobile Telesystems).

The Shyam Sistema Teleservices and MTS joint venture will also roll out services in West Bengal and NorthEast circles in the next two months.Shyam Sistema had acquired licenses and spectrum to provide CDMA mobile services in 22 circles in the country last year.

MTS (Mobile Telesystems) is  the brand and of  Shyam Sistema Teleservices (SSTS), the joint venture between telecom equipment manufacturer and service provider Shyam Group and Russian telecom major Sistema SSA.The company had earlier said that it planned to invest $5 billion (around Rs.250 billion or Rs.25,000 crore) in India,according to reports, the Russian government is in advanced talks with Shyam Sistema to pick up a 20 percent stake in the company for Rs.34.32 billion.Sistema holds majority stake of 73.71 percent in the joint venture, while 2.5 percent is held by the public and the remaining by Shyam Group.

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