NIB finances Russian MegaFon's investments in network upgrade

(Thomson Reuters ONE) -


The Nordic Investment Bank (NIB) and the Russian telecommunications operator
OJSC MegaFon have signed a new loan agreement totalling EUR 80 million.

The 7-year-maturity deal is aimed at financing MegaFon's investments into the
upgrading of its cellular network in the Moscow region and other regions of
Russia to improve the network performance and prepare for the 4G service roll-
out. In making the upgrades, MegaFon will deploy Nokia Siemens Networks' single
radio access network technology.

Established in 2002, MegaFon became the first operator with a network covering
all regions of Russia. The company now has over 63 million mobile and fixed-line
subscribers. Swedish-Finnish TeliaSonera is one of the major shareholders in
MegaFon.

NIB is a multilateral financial institution owned by eight member countries:
Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The
Bank finances private and public projects in and outside the member countries.
NIB has the highest possible credit rating, AAA/Aaa, with the leading rating
agencies Standard & Poor's and Moody's.

For further information, please contact
Ms Marjo Harri, Senior Manager Origination, at +358 10 618 0227,
marjo.harri(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int



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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1622079]

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Datum: 26.06.2012 - 13:15 Uhr
Sprache: Deutsch
News-ID 160079
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