Rostelecom to get RUB 8 bln credit line from Rosselkhozbank

Monday 17 July 2017 | 11:27 CET | News

Russian national operator Rostelecom plans to conclude an agreement with Rosselkhozbank on receiving an RUB 8 billion credit line, reports Comnews.ru. The line will be available for one year. The contract is expected to finalise on 12 September.

Rostelecom plans to put the credit towards operating activities, investments and to refinance existing debt.

According to the operator, it is a typical short-term agreement, due to start when the current line expires. The new agreement will have no impact on the operator's debt.

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