Indian phone network, Shyam Telelink, a subsidiary of Russia's Sistema, says that it has connected the one hundred thousandth subscriber to its CDMA 800 MHz mobile network in the state of Rajasthan since its launch on September 30, 2008. The growth of Shyam TelelinkÃ's subscriber base has exceeded its business plan by 1.5 times.
Shyam Telelink is constructing its mobile network in five additional telecommunications circles, including Tamil Nadu and Kerala with a total population of more than 100 million people. Shyam Telelink expects to launch its mobile services in at least two further Indian circles in the first quarter of 2009. Sistema, the majority shareholder, continues to provide full support to Shyam Telelink in the rollout of its mobile services to more than 35 million subscribers by 2012, which represent approximately 7% of the Indian market.
Vsevolod Rozanov, President and Chief Executive Officer of Shyam Telelink, commented: "We have reached the first significant milestone in the construction of our CDMA network in India. We increased STL total subscriber base by more than a third in less than seven weeks, as we continue to ramp up Shyam TelelinkÃ's subscriber base in the Indian market according to our business plan for the near future."
Posted to the site on 18th November 2008
Posted to: www.cellular-news.com/story/34705.php