Financed ProjectsRostelecom International Limited

Identification Code:

OP/07/0631

Total Operation Cost:

0

Maturity:

months

Operation Status:

Description and Purpose of the Operation:

Financing of construction and operation of a fixed-line fiber-optical telecom network infrastructure in Kazan region of the Russian Federation.

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans,Equity Investments

Sector:

Telecommunication Services

Domain:

Private

Borrower/Client:

Teleset was incorporated in 1996 and currently is the second largest alternative fixed-line telephone operator in Kazan, Republic of Tatarstan (27% of the local market) and the first fully foreign owned operator in Russia. The fast-growing company provides quality fully digitalized telephone communication and internet services in Kazan (which is among top 10 cities in Russian Federation in terms of social and economic development) and its region, with ambitious expansion plans. First BSTDB financing of USD 10 million was provided to Teleset in 2004.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The BSTDB financing supports the development of the high-tech telecommunications networks and quality services in the region with fast growing demand for new telecom connections.

Environmental Classification and Impact (summary):

Teleset proved to have a good Environmental, Health and Safety (EH&S) performance by using modern telecom technologies resulting in raw material and energy savings.

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org