Vimpelcom seeks loan

13 Aug 2008

Russia’s second-largest cellular operator by subscribers, Vimpelcom, is seeking a USD1 billion syndicated loan. Lenders have been invited to bid for the loan, Reuters reports, though the deadline for bids has been extended to give financial markets time to settle following the Russian conflict in Georgia. Vimpelcom secured a USD3.5 billion loan facility in April this year to help fund its USD4.3 billion acquisition of wireline operator Golden Telecom.

Russia, Beeline (Russia), VEON