15 June 2004 18:13
INDIA: SISTEMA SETS ASIDE $600 MILLION FOR INDIA DEALS
Russia's Sistema, the conglomerate that counts top mobile operator MTS among its holdings, said it would pump
more than half a billion dollars into privatization projects in India over the next few years. Sistema has already
signed agreements with "virtually all Indian financial-industrial groups" in preparation to enter the market,
the company' s founder and principal owner, Vladimir Yevtushenkov, said. Indian assets are
"fantastically" undervalued, and the company has $600 million to spend, he said. "Privatization is just
starting there, and this is interesting for us," he added. - (EMEConomy.com)
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