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Altimo to sign loan

Connectivity BusinessbyConnectivity Business
June 20, 2010
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Altimo, the telecoms unit of Russian company Alfa Group, is close to signing a debt deal with Sberband to refinance a US$1.5bn loan owed to state-owned bank VEB, according to Reuters.
The loan is secured against Altimo’s 25.1% stake in mobile operator…

Altimo, the telecoms unit of Russian company Alfa Group, is close to signing a debt deal with Sberband to refinance a US$1.5bn loan owed to state-owned bank VEB, according to Reuters.

The loan is secured against Altimo’s 25.1% stake in mobile operator MegaFon.

A spokesperson for Altimo declined to comment.

Tags: AltimoMegaFon
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