Russian telco Megafon has signed a Rbs35bn (US$592m) credit line agreement expiring in 2024 with Sberbank to finance the acquisition of local internet group Mail.ru. Megafon said that the agreement with the state-backed bank also changed the conditions of three existing credit lines, taken out in 2012 and 2016 worth Rbs97.2bn (US$1.64bn), including lower interest rates and revised early repayment options. […]
