Volga | Telecoms, media

Volgatelecom borrows $14m from Sberbank

4 Feb '09
Nizhny Novgorod’s Volgatelecom is to open a $14m renewable line of credit with Sberbank, the company reports.

The bank was reportedly chosen a winner of an open bank tender.

The LOC is to be opened for 18 months at 16% interest, the firm said.
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