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Russia's North-West Telco plans up to $200 mln loan

MOSCOW, May 21 (Reuters) - Russian regional telecom operator North-West Telecom (NWT) SPTL.MM plans to attract a three year syndicated loan for $150-$200 million in the third quarter of 2008, a senior company official said on Wednesday.

“A tender will be announced at the end of May or beginning of June, and the deal will be completed in the third quarter. We are now choosing banks,” NWT Chief Financial Officer Venera Husnutdinova told reporters.

NWT, controlled by national telecoms holding Svyazinvest, is a fixed-line operator servicing the north-western region. (Reporting by Anastasia Teterevelva; Writing by Maria Kiselyova; Editing by Tanya Mosolova)

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