Russian telecom operator Mobile TeleSystems (MTS) has concluded a RUB 30 billion loan agreement with Sberbank.

MTS is drawing the RUB 30 billion loan, which matures in 2024, from an existing RUB 150 billion revolving credit facility opened by the company in May 2018. MTS’s aggregate outstanding loan balance with Sberbank will reach RUB 115 billion.

Andrey Kamensky, VP for Finance, said: “MTS is taking steps to optimize our existing debt portfolio as well as attract new financing.”