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Affordable Spectrum Needed to Boost Investment: Sistema

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Russian conglomerate Sistema has been re-establishing telecom operations in India after the Supreme Court cancelled 21 of its 22 telecom licences through its action against 122 licences in February 2012. The company, which runs telecom operations under the MTS brand and is the only major operator working on CDMA technology, wants the government to boost spectrum availability for CDMA players at affordable cost to encourage investment.

As Russian President Vladimir Putin visits India, TOI speaks to Mikhail Shamolin, president and CEO of the $40 billion Sistema JSFC, to see how he looks at the Indian telecom market and what are the group’s plans for other sectors like pharmaceuticals, oil and gas and smart city project:

How does Sistema view India for new investments considering that the conglomerate is already a majority investor in Sistema Shyam TeleServices Ltd (SSTL)?

India with its huge population, the emerging middle class and recovering economy is one of the most promising markets globally and we view our presence in this market as strategic.. Original post at ET Telecom

Wahengbam Rorrkychand

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