Tele2 is not afraid of challenges because of the sanctions against shareholders – Reuters

St. Petersburg, November 14 – RIA Novosti. of “T2 RTC Holding” – a joint venture established on the basis of “Tele2 Russia” and cellular assets of “Rostelecom”, is not afraid of problems with funding due to the fact that some of the shareholders of the company came under the sanctions, said deputy general director Alexander Provorotov operator.

The shareholders are OOO VTB bank “Russia” SOGAZ structure Alexei Mordashov and “Rostelecom”. The US and EU imposed sanctions against a number of major Russian financial institutions. American and European investors are prohibited to issue new loans to Sberbank, VTB, Gazprombank, the Agricultural Bank and Vnesheconombank for a period exceeding 30 days, as well as buy their shares and bonds of the new issue with a maturity of more than 30 days.

“We do not see no difficulty in attracting funding. Despite the fact that the bank “Russia” and VTB came under sanctions we quietly enough as they involve, and other participants in the market. By the way, VTB is not our biggest creditor. From my point of view, all Russian banks understand that the telecom operators – enough reliable and safe investment, “- said Provorotov.

In the coming years the company will scale construction of networks. On Friday, the operator launched the first 3G-for yourself the network in St. Petersburg and Leningrad region, to the end of the year will start in three cities in 2015 – in 50 regions. In 2014, will launch the first LTE network in Tula, in 2015, such a network will appear in 20 cities. According Provotorova, construction will be implemented as from its own funds and borrowed. The volume of investment company did not disclose. Provorotov said only that they are above average in the telecom market 20% of revenue.

The volume of loans is also not disclosed. According Provotorova, the company has a “big enough limit VTB Bank and some other banks.” “We have enough. We do not have any problems with funding. The question must be, what will be the rate in the next year – is the question. But in terms of volume, we do not see any problems. All the limits that we need, we got “- said Provorotov.

He also said that the difficult macroeconomic situation has not affected the company’s plans to deploy networks. “On the development plans of the current economic situation is not affected. All that we have planned, we intend to implement. What probably can influence – it jumps in exchange rates, as we buy foreign equipment,” – said a top manager.

How the US and the EU imposed sanctions against Russian politicians and businessmen

US and the EU do not recognize the annexation of Crimea to Russia and accused Moscow of meddling in the affairs of Ukraine. Russia denies the accusations and calls unacceptable. Western countries since March has repeatedly imposed sanctions against a number of Russian politicians, businessmen and companies and threatened to extend the restrictive measures. The last case of such practices have become the September sanctions.

Full list of Russian citizens and companies have come under the sanctions – in the material RIA News & gt; & gt;