Support The Moscow Times!

Altimo Gets $1.5Bln Loan

Altimo, Alfa Group’s telecoms arm, refinanced $1.5 billion from Vneshekonombank with new debt from Sberbank, Interfax reported Monday, citing a source with knowledge of the deal.

The loan is secured by 25 percent of MegaFon, the news service said, without providing additional information about the terms. 

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.