Russian mobile operator enters Indian market
Published: 27 September, 2007, 07:49
Russian consumer services company Sistema has bought a 10% stake in Indian telecoms operator, Shy-am Telelink. The deal is worth $US 11.4m.
Sistema, which owns Russia’s top mobile phone company, MTS, will be looking to raise its share in the Indian firm to 51%.
The acquisition makes Sistema the first Russian company to tap into India’s fixed-line and mobile phone market.
With its cheap call rates, India is the world’s fastest-growing mobile market, attracting around 6 millions new users per month.
26.09.2007, 11:56
Russia drops out of business top 100 - World BankRussia has slipped 10 places in a World Bank league table on how easy it is to do business around the globe. The report ranks Russia 106th out of 178 countries, slipping behind China for the first time. |
27.09.2007, 11:05
Russia's biggest carmaker up for saleRussia's largest carmaker Avtovaz may sell a stake to Aleksey Mordashov, chief of Severstal, or magnate Alisher Usmanov, who heads MetalInvest. |
