MTS dropping $1.6 billion on 3G for Russia

Mobile TeleSystems, Russia’s largest carrier, is planning to spend up to 1.6 billion dollars (or roughly 37 billion rubles, which is far more fun to say) to roll out a national 3G network which they’re aiming to complete by 2012 — right around when some countries might be starting to implement 4G networks. A bit late, perhaps – but hey, faster speeds are never a bad thing.

According to MTS, the network upgrade should pay for itself; they expect it to generate at least 2 billion dollars in revenue by 2011.