Foreign Investment in Russian Telecoms at $339 Mln in Jan-Mar

MOSCOW, May 22 (Prime-Tass) -- Foreign investment in the Russian telecommunications sector amounted to $339 million in January-March, the Federal State Statistics Service said Monday without providing comparisons.

Of the total, loans from financial organizations amounted to $315 million, direct investments amounted to $22 million and portfolio investments amounted to $2 million, the service said.

Investments from the U.K. accounted for 50.3% of the total investments in the period, the services said.

In January-June 2005, foreign investment in the Russian telecommunications sector amounted to $1.481 billion. No figure for the whole of 2005 was available.

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Posted to the site on 22nd May 2006