OAO Mobile TeleSystems attracts € 413 million to finance the development of communication networks. UMC has entered into three loan agreements with international banks - the European Bank for Reconstruction and Development (EBRD), Nordic Investment Bank (NIB) and the European Investment Bank, (European Investment Bank, EIB) , said the company.
The amount of funds raised in the Bank of MTS, is € 218 million in two tranches: € 115 million with a maturity of seven years and € 103 million with a maturity of three years. The three-year syndicated loan from commercial banks. Funds will be directed towards the development of networks of companies in Russia, Uzbekistan and Turkmenistan.
Nordic Investment Bank has provided credit to the MTS of € 80 million in two tranches of € 40 million each with a maturity of seven years and three years. The three-year syndicated loan from commercial banks. These funds will also be directed at further development of networks in Russia, Armenia, Ukraine and Turkmenistan.
credit outside of the European Investment Bank, is € 115 million with a maturity of seven years. Funds will be directed towards the development of 3G networks: MTS, including the purchase and installation of equipment, purchase of software licenses.
In the past nine months, MTS entered into with credit institutions on a number of successful transactions, which allowed us to strengthen the financial position and provide a stable position in the highly competitive market. Cooperation with leading international banking institutions contributes to the success of the company's investment program and provides the optimal conditions of liquidity management company. Thanks to a coordinated policy of borrowing MTS holds leadership positions in the market, successfully addressing the strategic objectives and provides the best offers for subscribers, - noted the President of MTS Mikhail Shamolin.
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