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Image header Agence Europe
Europe Daily Bulletin No. 9933
Contents Publication in full By article 25 / 30
GENERAL NEWS / (eu) eu/eib

Loan for upgrading Russia's mobile telecommunications networks

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...

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