Enforta secures RUB450 million loan to extend WiMAX coverage to 130 cities

22 Dec 2010

Russian WiMAX operator Enforta has announced that it has secured an RUB450 million (USD14.6 million) loan from the European Bank for Reconstruction and Development (EBRD). The funds will be used to extend the company’s WiMAX network to a total of 130 cities. The first stage of the rollout will see around 25 cities connected to Enforta’s WiMAX network during 2011 and 2012. Strategic investor EBRD, which holds a 6.4% stake in Enforta, supplied the telco with an initial loan of USD15 million in January 2009 to fund the previous stage of its rollout. According to Enforta’s website, its operations are focused in Russia’s regional capitals, with WiMAX service offered in 78 cities, including numerous smaller cities in Moscow region. Oleg Taynov, chief commercial officer of Enforta’s Prestige Internet brand commented: ‘This new phase in Enforta’s development will involve widening the network, deploying new telecoms equipment and enhancing business processes within the group. The acquisition of regional fibre-optic transmission lines and WiMAX assets is also possible’.