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Russia's oil-to-telecoms conglomerate Sistema JSFC wants the government to sharply cut the Rs 3,646 crore per unit auction base price for 800 MHz airwaves, which if implemented would hurt the company's telecom operations in India, President & CEO Mikhail Shamolin told ET's Kalyan Parbat in an exclusive interview. He also hinted that the business case for buying additional 800 MHz airwaves, typically, used by CDMA operators, would collapse if the government is unable to auction contiguous bandwidth next month. Sistema, however, is open to acquisitions in India regardless of CDMA and LTE ecosystem challenges. Edited excerpts:\n
\nQ: Is the Rs 3,646 crore base price for 800 MHz airwaves cleared by the Cabinet discriminatory to CDMA players like Sistema Shyam Teleservices<\/a> and needs to be immediately reviewed ?<\/strong>
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\nA: The pricing of 800 MHz spectrum at Rs 3646 crore per MHz is way out of line and does not merit a strong business case for buying additional airwaves. If implemented, it would be detrimental to the $3.5-billion invested by Sistema Shyam Teleservices in its Indian operations. Though Sistema Shyam views itself as a long-term player in India and is committed to making more investments in its Indian operation, all such investments need to be viable and backed by a strong business case.
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\nQ: Sector analysts expect the potential demand for 800 MHz airwaves used by CDMA operators to be muted in the upcoming auction next month as contiguous spectrum is unlikely to be available coupled with an absent LTE devices ecosystem. Do you agree ?<\/strong>
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\nA: Data-centric telecom operators like Sistema Shyam Teleservices need contiguous spectrum. And it is imperative that contiguous blocks of spectrum is auctioned at a price which is in line with the current ecosystem realities of CDMA players.
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\nQ: How serious are the ecosystem challenges for CDMA players ?<\/strong>
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\nA: There’s no denying that CDMA globally faces ecosystem challenges, including handset choices available to customers. But it’s also a fact that when it comes to customer experience on data, the same technology offers huge advantages over other competing mobile technologies. The way GSM and CDMA platforms are evolving, the long-term roadmap for both leads to LTE or `long-term evolution' (a 4G technology).
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\nQ: The Indian mobile market is highly fragmented with several smaller, regional players. Is Sistema JSFC open to acquisitions?<\/strong>
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\nA: The first priority of Sistema JSFC and all other shareholders, including the Russian government, is to make Sistema Shyam Teleservices OIBDA (operating income before depreciation, amortisation) positive this year. Having said this, should the right opportunities arise, and there is also a meeting of minds with shareholders of other telecom operators, exploring the inorganic route is not ruled out.
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\nQ: We gather Sistema is looking beyond telecoms and is keen to invest in Prime Minister Narendra Modi’s smart city project ?<\/strong>
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\nA: The Indian government has set an ambitious task of building 100 smart cities and Sistema JSFC is perfectly placed to share its knowledge and expertise in the field. Sistema has built nine such projects, including some of the largest of their kind in Moscow and Sochi, which hosted the Winter Olympics. Systems that we designed and developed are highly sophisticated and incorporate a multitude of control functions over a city’s safety, transport network, utilities, healthcare services, infrastructure and ecological monitoring.
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\nQ: Is Sistema JSFC considering investments in other non-telecom sectors in India ?<\/strong>
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\nA: Partnerships in pharmaceuticals and healthcare industries are our immediate focus zone. We’ve developed strong relationships with a wide spectrum of Indian businesses and as our dialogue progresses, we hope some relationships will turn into partnerships in those sectors.
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\nQ: Is Sistema considering investments in the technology or IT space ?<\/strong>
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\nA: We see much potential in disruptive technologies and IT, especially given the strong fundamentals of the Indian market. Co-investing in these opportunties alongside an experienced venture capital firm is something Sistema would consider.
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\nQ: We gather Sistema JSFC is also scouting for potential Indian partners for growing its non-telecom ventures in
\nRussia ?<\/strong>
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\nA: Russia with its vast territories, rich natural resources, constantly growing demand and skilled personnel is a great market for any international investor. Sistema invests in 12 sectors. Private healthcare is entirely a greenfield opportunity, and since Sistema operates the largest network of private clinics and hospitals in Russia, we want to expand with potential Indian co-investor partners who bring the latest best practices to Russia. Our consumer retail investments back home have also done very well. With our track record in partnering foreign companies that wish to invest in Russia, Sistema is the perfect partner for any potential Indian investor company.
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俄罗斯oil-to-telecoms集团Sistema JSFC希望政府大幅削减单位拍卖底价为3646卢比800 MHz无线电波,如果实现将损害公司的电信业务在印度,总裁和CEO米哈伊尔Shamolin告诉ET Kalyan尔巴特的独家采访。他还暗示,业务用例购买额外的800兆赫波段,通常,使用CDMA运营商,将会崩溃,如果政府不能拍卖下个月连续的带宽。然而,Sistema是开放在印度收购不管CDMA和LTE系统的挑战。编辑摘录:问:3646卢比的底价为800 MHz电波通过内阁歧视性CDMA玩家喜欢Sistema Shyam电信业务,需要立即检查吗?
答:800 MHz频段的定价3646卢比/ MHz是太过分了,不值得一个强大的商业案例购买额外的电波。如果实现,这将是有害的3.5美元投资的Sistema Shyam电信业务在其印度业务。尽管Sistema Shyam视图本身作为一个长期的球员在印度和致力于加大对印度的投资操作,所有这些投资都需要可行的和支持一个强大的商业案例。
问:行业分析师预计使用的潜在需求为800兆赫波段CDMA运营商在下月即将举行的拍卖会是柔和的连续的可用频谱不太可能再加上一个缺席LTE设备生态系统。你同意吗?
以数据为中心的电信运营商喜欢Sistema Shyam电信业务需要连续的光谱。和连续谱块必须是拍卖价格符合当前生态系统的现实CDMA的球员。
问:生态挑战CDMA的球员有多严重?
答:不可否认,CDMA全球面临着生态系统的挑战,包括手机可供客户选择。但这也是一个事实,当涉及到客户体验的数据,同样的技术比其他竞争对手的移动技术提供了巨大的优势。GSM和CDMA平台的方式发展,导致的长期路线图LTE(长期演进的(4 g技术)。
问:印度移动市场是高度分散的和几个较小的地区性。收购是Sistema JSFC开放吗?
答:第一要务的Sistema JSFC和所有其他股东,包括俄罗斯政府,是使Sistema Shyam电信业务OIBDA(折旧、摊销前营业收入)今年积极。说到这儿,应该合适的机会出现时,也有思想与其他电信运营商的股东会议,探索无机路线并不排除。
问:我们收集Sistema展望未来电信和渴望投资总理莫迪的智能城市项目吗?
答:印度政府已经制定了雄心勃勃的建设任务100智能城市和Sistema JSFC是完全将分享其知识和技能。Sistema建立了9个这样的项目,包括一些最大的同类在莫斯科和索契举办了冬季奥运会。系统,我们设计和开发是高度复杂的,包含多种控制功能在一个城市的安全、交通网络、公用事业、医疗保健服务、基础设施和生态监测。
问:Sistema JSFC在考虑投资其他non-telecom行业在印度吗?
的药品和医疗行业的合作关系我们的重点区域。我们开发了牢固的关系和广泛的印度企业和我们对话的进展,我们希望一些关系会变成合作伙伴在这些领域。
问:Sistema考虑投资在技术或空间?
答:我们看到很多颠覆性技术,它的潜力,特别是印度市场的强劲的基本面因素。:在这些机遇与一位有经验的风险资本公司是Sistema会考虑的事情。
问:我们收集Sistema JSFC也寻找潜在的印度合作伙伴non-telecom企业的增长
俄罗斯?
:俄罗斯辽阔地区自然资源丰富,不断增长的需求和技术人员是一个很好的市场任何国际投资者。Sistema 12个行业的投资。私人医疗完全是格林菲尔德的机会,既然Sistema运营着中国最大的网络私人诊所和医院在俄罗斯,我们要一步步扩大印度与潜在合作伙伴给俄罗斯带来最新的最佳实践。我们的消费者零售投资回家也做得很好。与我们合作的外国公司希望投资记录在俄罗斯,Sistema是印度任何潜在投资者公司的完美伴侣。
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