India Investments Depend Upon Spectrum Price: Russia’s Sistema JSFC

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Russia’s Sistema JSFC, which controls Sistema Shyam Teleservices, will draw its investment roadmap in India based on CDMA spectrum base price for auction as it finds rates “almost prohibitively high” for making return on telecom investments, a top official said today.

“As far as investments are concerned, it will be too early to tell. It will depend on the spectrum price,” Sistema JSFC President and CEO Mikhail Shamolin told reporters on sidelines of Indo-Russian Youth Innovation Summit.

Sistema is largest private Russian company to invest in India. In telecom sector, the company has invested about USD 3.5 billion till date. Original post at ET Telecom

Wahengbam Rorrkychand

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