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The Russian government is reportedly interested to take an indirect stake in an Indian mobile phone network. According to a copy of the government budget, Russia has set aside 23.7 billion rubles for acquiring shares in the new Indian mobile phone network, Shyam Telelink, an amount that is sufficient to buy a 20% stake in Sistema Shyam TeleServices, which controls the mobile operator.
Sistema holds 73% stake in the Indian operator, and is also a controlling force in Russia’s leading operator – MTS. Apparently, the deal is part of a plan between the two countries to settle New Delhi’s outstanding Soviet-era debt to Moscow.
Shyam Telelink aims to secure 35 million subscribers by 2012, representing approximately 7% of the Indian market…
[Via: Cellular-News]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
