MTS expects CAPEX above USD2bn; UMC to invest up to USD700m

23 Feb 2007

Russia’s largest cellular operator MTS expects capital expenditure to pass USD2 billion this year if it wins a 3G concession in the forthcoming auction. CAPEX will amount to USD1.8 billion without 3G licence fees, MTS president Leonid Melamed told Prime Tass. MTS says it will submit an application for a 3G licence within the next few days; three concessions are being auctioned by the government. MTS also said this week that it will invest as much as USD700 million in its Ukrainian unit, UMC, to develop new services and improve network coverage this year. UMC also plans to launch packages of fixed line and mobile services for corporate clients.

Russia, Ukraine,Mobile TeleSystems (MTS), Vodafone Ukraine,

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