Russian cellular provider MTS has taken out a Rub 40 bln loan from Sberbank, the provider's spokesman Dmitry Solodovnikov said.
"The funds were borrowed to optimize the company's debt portfolio," he pointed out.
According to MTS documents, the agreement on a revolver credit line was executed in October 2016 for a term of four years.
For the record, by October 1, 2016 MTS's total debt stood at Rub 267.9 bln, and, as the provider noted, around 90% of net debt is ruble-denominated. This year the operator will need to repay Rub 57.9 bln.
The operator's 3Q revenue came to Rub 112.2 bln, and Rub 324.1 bln in January-September 2016. The provider expects FY17 revenue to grow 2-3% compared to 2016 (Rub 426.6 bln).
MTS's 3Q 2016 profit amounted to Rub 12.6 bln, and Rub 36.1 bln in January-September.
