Spending to total USD14.7bn over five years

20 Mar 2007

The president of Russia’s largest cellco, MTS, says he expects the country’s mobile market to see investment of USD14.7 billion over the next five years. Leonid Melamed forecasts around 50% of the total to go towards the deployment of 3G networks, Prime Tass reports. Three 3G licences are expected to be issued next month, with all of Russia’s main cellular operators among the bidders.

Russia, Mobile TeleSystems (MTS)