Brussels, 01/07/2009 (Agence Europe) - The European Investment Bank (EIB) is lending €115 million to Mobile TeleSystems OJSC (“MTS” - NYSE: MBT), for the upgrading and further development of mobile networks to increase the quality and accessibility of broadband services in the Russian Federation. This is the first EIB loan supporting a telecommunication project under the Bank's mandate covering financing in Russia, Eastern Europe and Southern Caucasus.
The project, which is jointly...