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Sistema Shyam to turn profitable at operating level by 2013

16 марта 2011

India's Sistema Shyam Teleservices Ltd. expects to turn profitable at the operating level by 2013 as the mobile phone operator aims to have 30 million users in the world's fastest growing telecommunications market, a senior executive said Tuesday.

The company, which is 73.71%-owned by Russia's Sistema JSFC and 23.79% by India's Shyam group, also plans to complete the commercial rollout of mobile telephony services across the 22 telecom service areas in the country in the next two-three months, Chief Executive Vsevolod Rozanov told reporters.

Sistema Shyam now offers services in 18 telecom service areas and has 10 million mobile phone users as of February-end.

Rozanov said he expects to complete the $600 million investment deal with the Russian government in the next few weeks. The money will help the mobile operator to expand its operations in India.

The company will be ready to hit the market with its share sale plans by the end of 2011, Rozanov said. It will finalize the bankers for the share sale in the next couple of months, he added.

Источник: Total Telecom

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