05 September 2003 16:58
MTS Belarus subsidiary to raise loan line with ABN AMRO worth up to $10 mln.
Mobile Telesystems SOOO, MTS subsidiary in Belarus, will have revolving loan line with ABN AMRO worth up to $10 mln, according to MTS documents.
MTS will be a guarantor. Interest rate is fixed at LIBOR+2.75% on year.
Russia's/Belarus MTS SOOO has been rendering GSM 900/1800 cellular services since June 27, 2002. Belarus Mezhdunarodnaya Svyaz with 51% and MTS with 49% are the founders. The company has over 240,000 subscribers today.
Besides, MTS guarantees annual loan given by Kommertsbank (Eurasia) to Invest-Svyaz-Holding. The worth is max. $5 mln, the rate LIBOR + 3.5% on year.
Sistema AFK's 100% subsidiary, Invest-Svyaz-Holding owns 8.04% MTS.
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