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MTS India Appoints Dmitry Shukov As Its CEO

Dmitry Shukov _ MTS IndiaSistema Shyam TeleServices Ltd (SSTL), which operates in the country under the name MTS India, has appointed Dmitry Shukov as its CEO. He will be taking over from Vsevolod Rozanov, the current President and CEO of SSTL and will be starting at his new position from June 1, 2013.

The company informed that Vsevolod Rozanov has been promoted to a senior position within Sistema JSFC headquarters in Moscow, although Rozanov’s new responsibilities are not clear at present.

Dmitry Shukov is a MTS veteran and has previously served as CEO of MTS Turkmenistan and MTS Uzbekistan. In this new role, Dmitry Shukov will be responsible for implementing MTS India’s new strategy in the country.

Shukov comes to MTS India at the time when the company was impacted by the cancellation of many of its licenses due to the landmark Supreme Court Judgement, following which it shut down its operations in 13 circles and is currently operational in nine telecom circles in the country, which includes eight circles where it won spectrum in the March spectrum auction and Rajasthan circle, which was not affected by the Supreme court judgement. The company reported increased losses of Rs 778.7 crore for the quarter ending December 31, 2012 and a total consolidated revenue of Rs 390.2 crore for the quarter.

Earlier this month, Sistema had informed in an investor presentation that its new strategy involves optimizing its existing business and expand its data services in the country, which includes launching LTE services on CDMA spectrum. However, the company had not revealed any specific timeline for this rollout. Sistema was also planning to focus on its smartphone business in tier 2 and tier 3 cities and was hopeing to offer low cost bundled voice and data plans across the country.

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