Shyam Sistema Teleservices, which is the joint venture between Kolkata based Shyam group and Russian diversified company Sistema, announced that are planning to get themselves listed in India in a year and a half. On Thursday the company committed to invest US $ 5 billion, primarily in telecom infrastructure development in India, over the next 5 years. The company made announcement while launching its CDMA mobile prepaid services only in the unified circle of Tamil Nadu, Chennai and Pondicherry under Sistema's MTS brand,
At present, the company's network in Tamil Nadu is presently supported by its own telecom electronic equipment. However, its towers are either self owned or shared with other mobile operators on a 10:90 ratio. Moving forward, we plan to change this ratio to 30:70 in the first year, as it's effective network coverage and quality of service that we are leveraging as our strength, said Sistema-Shyam president and CEO Vsevolod Rozanov.
At present, the company's network in Tamil Nadu is presently supported by its own telecom electronic equipment. However, its towers are either self owned or shared with other mobile operators on a 10:90 ratio. Moving forward, we plan to change this ratio to 30:70 in the first year, as it's effective network coverage and quality of service that we are leveraging as our strength, said Sistema-Shyam president and CEO Vsevolod Rozanov.
Source: Asian CERC
2 comments:
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reason given by Barclays fir the downgrade.
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