All agreed loans

Russia. Vimpelcom

Date of loan: 28 Mar 2008
Country: Russia
Customer: Vimpelcom
Amount in USD: USD 100 million
Amount in EUR: EUR 63.3 million
Maturity: 3 years
NACE sector / loan type: Post and telecommunications
Business area: Infrastructure, transportation and telecom

Project

The loan has been provided as part of a syndicated loan facility for the development of the company's GSM infrastructure in Russia and other CIS countries, as well as for the acquisition of Golden Telecom, a provider pf integrated telecommunications and internet services in CIS countries. Vimpelcom, which was founded in 1992 and is partly owned by Norwegian Telenor, is Russia's second largest mobile operator controlling one third of the market. Leading Nordic telecom equipment manufacturers account for a major part of equipment supplies to Vimpelcom.

Sustainability summary

Vimpelcom's investments do not have any significant negative environmental impacts. The general environmental consequences of the telecommunications network development, including setting up base stations, are primarily in changing the landscape, as well as electromagnetic radiation. Each new base station is the subject for an environmental permission from the relevant national authority prior to commercial operation.