OREANDA-NEWS. In ten days Far East Telecom will sum up the results of a public tender to select a financial institution which will provide a credit facility equal to 1,955 million roubles.

The bids were accepted from Promsvyazbank (a 13% interest rate was offered), Raiffeisenbank Austria, Foreign Trade Bank and Sberbank (which offered a credit facility at 8,75%).

Attraction of this credit is related to the fact that on December 7, 2006 Far East Telecom acquired a 51% stake in Sakhatelecom, having offered some Rub 2,3 bln for this asset.