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Sistema, one of the largest public diversified corporation in Russia and the CIS, on Tuesday announced that it would invest over $1.5 bn in India next year to build a pan-India telecom network on the CDMA platform. The Russian major, which holds a majority stake in Shyam Telelink, also announced the launch of CDMA services [...]

Mobile operator Shyam Telecom, in which Russian communications major Sistema holds a majority stake, has become the first of the new telecom players to get pan-India spectrum for launching mobile services. The company has been allotted radio frequencies on the CDMA technology platform. New GSM licensees such as Datacom, Unitech, Loop Telecom and Swan have [...]