MTS, Russia’s largest mobile operator and a leading provider of media and digital services, together with the New Development Bank (NDB) recently announced the signing of a $300 million credit agreement for digital infrastructure development.
The Agreement provides for a credit line to be extended to MTS for 7 years that can be drawn down in either U.S. dollars, euros, or Chinese yuan. MTS intends to use the raised funds in further developing the company’s digital infrastructure, in particular including by expanding mobile network coverage in rural areas as well as investing in cloud computing capabilities.
Alexey Kornya, MTS President & CEO
The funds secured under this special-purpose loan will help us expand connectivity in rural towns and remote regions, improving access to digital services for both residents and businesses.
Marcos Troyjo, President of the NDB
Expanding the non-sovereign portfolio, complexity and outreach of operations are priorities for us. Our new loan agreement is the first digital infrastructure project supported by the NDB, and it represents a new stage in the diversification of its operations.
