Russian government invests in MTS Indian business - Mobile World Live

Russian government invests in MTS Indian business

09 SEP 2010

The Russian government confirmed a previously-reported plan to invest in Sistema Shyam Teleservices Limited (SSTL), the Indian subsidiary of Sistema, which provides telecoms services under the MTS brand. The government will invest the equivalent of US$600m from funds representing Indian government debt to Russia, which will be used to support the extension of MTS’ CDMA EV-DO network and accelerate the company’s launch of operations in new markets.

Author

Mobile World Live

Mobile World Live is the online service dedicated to providing the mobile industry with daily news coverage & analysis of the biggest global market developments.

Read more

Related

Tags