Russian regional mobile operator SMARTS reported yesterday that its total subscriber base reached three million, up from 2.57 million at the end of September 2005. SMARTS provides GSM900/1800 services in 16 Russian regions in the Volga, Southern and Central federal districts, covering a population of 33.9 million, or 24% of the country’s total population. In March 2005 SMARTS announced plans to hold an IPO worth 20% of the company’s equity (USD200 million). It plans to use the proceeds to fund the acquisition of new companies and to expand its existing networks. Interested parties are rumoured to include rivals Mobile TeleSystems (MTS), Vimpelcom, MegaFon and Tele2.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors