Mikhail Shamolin, President & CEO of Sistema told CNBC-TV18's Malvika Jain that spectrum is priced at a prohibitive rate, and such a rate may well hamper further investment into the country.
Mikhail Shamolin, President & CEO of Sistema told CNBC-TV18's Malvika Jain that spectrum is priced at a prohibitive rate, and such a rate may well hamper further investment into the country.
"For us it is very important to understand how the telecom policy will be changing and evolving in the future, what is going to happen with the spectrum availability. The kind of prices on the CDMA spectrum that we saw announced recently are exceptionally high and almost prohibitively high for making return on telecom investment and we will be in a deep discussions on that," he said.
As far as the size of the investment is concerned, the company thinks it is a bit early to tell. "It will depend on the spectrum pricing discussion," Shamolin said.
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