SSTL targets profitability by early 2013

26 Mar 2010

Indian mobile network operator Sistema Shyam Teleservices (SSTL), the joint venture between Russian mobile giant Sistema and India’s Shyam Telecom, has said that it aims to achieve profitability within three years, the Business Standard reports. Vsevolod Rosanov, president and CEO of SSTL, said of the financial target: ‘We are hoping to become earnings before interest, depreciation, tax and amortisation (EBIDTA) positive by 2012-end or early 2013.’ According to TeleGeography’s GlobalComms Database, SSTL acquired a pan-India licence in March 2008, and the operator is hopeful that it will have launched commercial services in all 22 of the country’s telecom circles by the end of this year. While SSTL has not announced any official subscriber targets, Rosanov did note that to reach profitability the company would need to have approximately 30 million customers; as of end-December 2009 SSTL had signed up 3.09 million subscribers.

India, Sistema Shyam TeleServices (SSTL, MTS India)