Russia's MTS gets 413 mln euro loan

Mon Jun 29, 2009 6:27am EDT
 
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MOSCOW, June 29 (Reuters) - MTS (MBT.N), Russia's top mobile phone operator, said on Monday it had obtained a 413 million euro ($578.2 million) loan from three international lenders to finance investments in network development.

MTS said in a statement it had signed credit agreements with the European Bank for Reconstruction and Developement (EBRD), Nordic Investment Bank (NIB) and European Investment Bank (EIB).

EBRD provided 218 million euros, NIB gave 80 million euros and EIB granted 115 million euros, the company said. (Reporting by Maria Kiselyova; editing by Toni Vorobyova)

 

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