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MTS Belarus gets a loan from a Dutch Bank

Author: Mikhail Doroshevich

06/09/2003

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.

MTS Belarus 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 250,000 subscribers today.

Useful links:

MTS
ABN AMRO
Gateway To Russia

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