OREANDA-NEWS. July 12, 2010. Sviaz-Bank has been declared winner in one of the four lots in a public auction held by Uralsviazinform for the right to issue a loan in the form of a revolving line of credit with a debt limit of 1 billion rubles for two years, reported the press-centre of Sviaz-Bank. 

The borrower will use the funds loaned by the Bank to finance its current and investment operations and to refinance its outstanding obligations.

The other bidders in the auction included Sberbank of Russia OJSC, Alfa-Bank OJSC, Bank VTB (OJSC), UniCredit Bank CJSC, Gazprombank (OJSC), Barclays Bank LLC, and TransCreditBank OJSC.

Uralsviazinform Public Company (OJSC) is the biggest telecommunications operator in the Ural Region. It provides its core services to over 10 million subscribers, including 3.7 million fixed communication subscribers and 5.7million mobile communication subscribers, 715,000 broadband network users, and 117,000 pay television users.

Sviazinvest OJSC is a majority shareholder of Uralsviazinform OJSC (with 41.4% of the shares).
The remaining shares are distributed among nominee holders and legal entities (48.4%), American Depositary Receipt (ADR) holders (1.9%), and individuals (8.3%).

The company’s shares are traded on the RTS Stock Exchange, the MICEX Stock Exchange, the Berlin and Frankfurt stock exchanges, and the U.S. over-the-counter market.