MOSCOW, June 3 (Reuters) - MTS, Russia's biggest mobile phone service operator, said the Bank of Moscow has reduced interest on a 22 billion rouble ($712 million) credit line as part of the telecoms firm's efforts to cut debt servicing costs.
MTS, part of services conglomerate Sistema, said the interest was lowered to 8.99 percent from 10.25 percent. The credit line was opened in April.
($1=30.90 roubles)
(Reporting by Maria Kiselyova; Editing by Greg Mahlich) Keywords: MTS/CREDITLINE (maria.kiselyova@reuters.com, +7 495 775 12 42, Reuters Messaging: maria.kiselyova.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
MTS, part of services conglomerate Sistema, said the interest was lowered to 8.99 percent from 10.25 percent. The credit line was opened in April.
($1=30.90 roubles)
(Reporting by Maria Kiselyova; Editing by Greg Mahlich) Keywords: MTS/CREDITLINE (maria.kiselyova@reuters.com, +7 495 775 12 42, Reuters Messaging: maria.kiselyova.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.