News From Telecom World

Shyam Telelink expands its network with Sistema’s investment worth $1.5bln (Russia, India)

Posted on: October 11, 2008

Sistema and CIS proclaimed that it would invest over $1.5 billion in India next year to build a pan-India telecom network on the CDMA platform. As they holds majority stakes in Shyam Telelink they proclaimed to expand its services with the launch of CDMA services under the brand name Rainbow in Rajasthan. According to Sistema’s chairman Vladimir Evtushenkov, We have already invested $1 bn in Shyam and will further invest over $1.5 bn in the company next year.This marks the beginning of the expansion of Shyam Telelink’s pan-Indian mobile network. The company intends to provide its services to more than 35 million subscribers by 2012, which represents approximately 7% of the Indian market. As Sistema is focussing on the launch of pan-India services on the CDMA platform, it is keeping its options open with regard to offering mobile services on GSM, he added.

Vladimir further said that we have applied for GSM spectrum. We will take a call on GSM soon. In Russia, we offer mobile services under the MTS brand, and we will decide over the next one month whether to bring this brand to India. With the entry of Shyam -Sistema pricing war between India’s telecom operator is anticipated. As the company has already proclaimed that they are going to ffer all local calls and SMS for just 50 paise a minute in addition to offering a bundled handset for Rs 999 with lifetime validity.

Source: Wireless Federation

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