Telecom Lead India: MTS India (Sistema Shyam Teleservices) has appointed Dmitry Shukov as the new CEO.
Shukov is taking over from Vsevolod Rozanov, the current president and CEO of SSTL.
The transition is expected to get formalized by 1 June 2013.
Sistema Shyam Teleservices (MTS India), despite regulatory challenges, has reported 31 percent increase in 2012 revenue to Rs 1619.2 crore from Rs 1234.9 crore in 2011.
The net loss of Sistema Shyam Teleservices, which is owned by Russian conglomerate MTS and India’s Shyam Group, has reduced to Rs 2982.1 crore in 2012 against Rs 3531.4 crore in 2011.
The telecom regulatory challenges have forced the company to reduce its operations to 9 circles in Indian mobile market against 23 earlier.
Earlier, MTS India said its presence in 9 circles — Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West), West Bengal and Rajasthan — will enable the service provider to address 40 percent of country’s population, address around 60 percent of data potential and also safeguard 75 percent of the company’s current revenues.