The Russian conglomerate Sistema has received $600 million from the Russian government for a 17% stake in MTS India. Following the deal’s close, Sistema will hold a 57% share interest in the Indian CDMA mobile operator. The combined 74% ownership is just under the threshold allowed by Indian law.
Sistema said the new funding will be used to expand the company’s CDMA EV-DO network into new markets. MTS India first got licensed for mobile network operations in March 2008. It currently has more than 8 million customers in 13 markets and owns rights in 22 major cities around the country.
Russian govt. invests $600M in Indian network
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The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
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The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants