Category: Loans & bonds
Megafon, a major Russian mobile operator, is considering purchasing St. Petersburg Internet provider Web Plus, Russian business daily Kommersant reports.
The deal price has yet to be disclosed, but, according to experts, the price will be “symbolic”, since Web Plus is a loss-making firm with $4 million debt, the newspaper said. The seller is Telecominvest.
Sweden based Tele2 Russia Holding AB has announced that its subsidiary St. Petersburg Telecom will issue 7 decade bonds totaling 30 billion rubles, or $1.06 billion at the current exchange, reports Interfax.
Sberbank and VTB bank have been announced the winners of an open tender, held by the interregional telecom operator North-Western Telecom, for loan contracts worth a total of $528 million, the company reports.
A handful of mobile and telecom operators in Russia signed a memorandum last week, in the presence of Prime Minister Vladimir Putin, to establish a joint venture for developing an LTE network. The companies involved are VimpelCom, MTS, and MegaFon, the leading Russian mobile operators; Rostelecom, Russia’s national telecom operator; and Scartel, operator of the first Russian mobile WiMAX network under the brand Yota. Continue reading
North-Western Telecom has announced an open tender for $500 million worth of four different lines of credit, the firm said.
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