MTS to invest 38 bln rubles in 3G networks by 2011
Source: Cnews.
MTS plans to invest 38 bln rubles ($1.545 bln) into the development of infrastructure for 3G networks till 2011, while additional 35 bln rubles ($1.423 bln) will be invested into the development and implementation of telecommunication applications till 2020, RBC reports. MTS explains that the company plans the amount of investment on the forecasts for 3G services development within the coming five years. Thus, by 2013 the broadband penetration in Russia is forecasted to grow by 50% from the current 10%.
