[November 23, 2009] 'MTS secures USD 1 bln in funding' Tweet (DMeurope Via Acquire Media NewsEdge) Russian mobile operator MTS has secured a credit facility of USD 1.07 billion backed by Sweden's Export Credit Agency EKN. MTS plans to use the proceeds to develop its mobile networks through purchases of equipment from Ericsson. The credit includes a first tranche of up to USD 428.9 million with a maturity in June 2019, and a second tranche of up to USD 645.5 with a maturity in September 2020. The banks facilitating the transaction are Calyon, ING Bank and Nordea Bank. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]