Mobile operator MTS India could consider M&A opportunities in the country, according to its CEO.
Dmitry Shukov noted however that it was “premature to discuss specifics”.
These comments, published in the Economic Times, come just a few days after…
Mobile operator MTS India could consider M&A opportunities in the country, according to its CEO.
Dmitry Shukov noted however that it was “premature to discuss specifics”.
These comments, published in the Economic Times, come just a few days after MTS India’s parent, Russian conglomerate Sistema, said it wanted to increase its investment in the unit to beyond 74%.
In September last year, the Indian government removed a 74% threshold for foreign investments in telecoms operators. Vodafone was the first company to take advantage of the change in regulation by taking full control of Vodafone India. Telenor may follow suit with Uninor but not in the near future, the Norwegian company’s head of Asia Sigve Brekke said recently.
Meanwhile, Japan’s NTT Docomo is planning to exit its 26% holding in Tata Docomo, allegedly because of its declining performance in India’s 12-operator market.
Asked by the Indian newspaper whether MTS India could be interested in Tata Docomo, Shukov said his company was open to discussions but declined to comment further.
MTS India had already been linked to a potential acquisition of Tata Docomo last summer but no deal eventuated.
