Moscow, 15 September 2014. Eurasian Development Bank (EDB) and Russian Towers signed a ten-year loan facility agreement for a total of RUB 2 billion.
In accordance with the agreement, the loan will be used to develop the company’s telecommunications infrastructure throughout Russia. In particular, the project envisages the construction and upgrade of antenna masts and towers to be shared by mobile network operators. The loan from EDB is expected to increase the portfolio of facilities managed by Russian Towers to 2,000 by the end of 2016.
Gennady Zhuzhlev, Deputy Chairman of the Management Board at EDB, believes that, „This project will make it possible for operators to lower their costs, decrease the time for establishing telecommunications infrastructure, and optimise their operations.”
EDB expects that the project will contribute to the improvement of competition and quality in the Russian market in mobile service...16 September, 2014
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