Sibirtelecom secures RUB850 million loan

9 Apr 2008

Russian wireline and wireless operator Sibirtelecom has taken a RUB850 million (USD36 million) loan with UniCredit Bank. The loan is divided into RUB500 million and RUB350 million three-year credit facilities. The funds will be used to replenish the telco’s working capital, CNews reports. Sibirtelecom is one of the seven mega-regional operators that form part of the Svyazinvest group.

Russia, Sibirtelecom, Svyazinvest