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Articles tagged with: European Bank For Reconstruction and Development
Russia's MTS Gets European Investment Bank Loan
The European Bank for Reconstruction and Development has announced that it is raising a total of €218 million for Russia's MTS mobile operator, including €103 million to be committed by commercial banks. The loan will support MTS expansion and the pilot deployment of new technologies that reduce energy consumption of base stations, incorporate renewable energy sources, and reduce the carbon footprint of telecommunications. more
Prestige-Internet sees WiMAX networks in 6 more cities Apr-Jun
MOSCOW, Mar 12 (Prime-Tass) -- Russia's Prestige-Internet, operating under the Enforta brand name, plans to launch wireless broadband Internet access networks based on WiMAX technology in six Russian cities sometime in April-June, the company said Monday. more
Russia's Alfa Group unit says won't change stake in MegaFon
MOSCOW, May 29 (Prime-Tass) -- Russia's CT Mobile, indirectly controlled by Alfa Group, does not plan to sell its stake or purchase additional stakes in Russia?s third largest mobile operator MegaFon, CT Mobile's General Director Dmitry Vozianov told a news conference Monday. more
Related Tags: alfa, megafon, alfa-group
EBRD provides Russia's MTS $250 million in long-term funds
MOSCOW, May 18 (Prime-Tass) -- The European Bank for Reconstruction and Development (EBRD) has made a new 8-year loan of U.S. $112 million to Russia?s largest mobile operator Mobile TeleSystems (MTS) and extended the maturity of $138 million of an outstanding $150 million loan disbursed in 2004, the bank said in a press release Thursday. more
Related Tags: mts, moscow, mobile-telesystems
EBRD's committee OKs $250 mln 8-year loan to Russia's MTS
MOSCOW, April 20 (Prime-Tass) -- A credit committee of the European Bank for Reconstruction and Development (EBRD) has approved a U.S. $250 million 8-year loan to be provided to Russia?s largest mobile operator Mobile TeleSystems (MTS), the bank said Thursday. more
Related Tags: sistema, mts, mobile-telesystems
EBRD, banks to lend $100 mln to Kazakhstan's KaR-Tel"
MOSCOW, Dec 22 (Prime-Tass) -- The European Bank for Reconstruction and Development (EBRD) and a syndicate of commercial banks jointly led by the EBRD and Citigroup, are to lend U.S. $100 million to the second largest GSM mobile phone network operator in Kazakhstan KaR-Tel, the EBRD said in a press release late Wednesday. more
Related Tags: citigroup
EBRD To Lend $30 Million For Uzbek Mobile Telecoms
LONDON -(Dow Jones)- The European Bank for Reconstruction and Development Friday said it will lend $30 million to the Uzbek mobile telecommunications operator Unitel in an effort to make services cheaper and more accessible to the population. more
Related Tags: prison, european-union, unitel
European loan for GSM expansion in Kazakhstan
The European Bank for Reconstruction and Development has decided to lend a total of US$100 million to the Kazakhstan based GSM operator, KaR-Tel. The loan is made up of US$100 million to finance new capital investments in KaR-Tel's network and refinance short-term debts. A further US$130 million of ECA backed vendor provided or arranged financing and internally generated cash, which will finance further new capital investments, refinance other indebtedness and support other operations of K-Mobile. more
Related Tags: eu
Romanian network secures funding
Telesystem International Wireless (TIW) and ClearWave have jointly said that the European Bank for Reconstruction and Development ("EBRD") has been mandated by their Romanian subsidiary MobiFon to act as the lead arranger of a US$300 million senior loan facility. The proposed 6 year senior loan financing consists of an EBRD loan of up to US$230 million, including an EBRD A-Loan of up to US$120 million and an EBRD B-Loan of up to US$110 million jointly arranged and underwritten by ABN AMRO Bank and Bank Austria Creditanstalt. Two parallel loans of US$35 million each from Export Development Canada and Nordic Investment Bank are also expected to be part of the financing. more
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Russian carrier raises network expansion funding
Moscow's third GSM network, Sonic Duo has secured US$200 million of financing to fund its network expansion. The debt has been raised from a consortium made up of the Nordic bank, Nordea, HypoVereinsbank, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD). The transaction is the first major international financing in the sector by a bank. It is also the first major international financing of a Russian telecom project since the financial crisis in 1998. The investment will support the construction of Sonic Duo's GSM 900/1800 network, operating under the brand MegaFon. more
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