Uzbektelecom seeks $100 million loan from EBRD

AKIPRESS.COM - Uzbektelecom is in talks with the European Bank for Reconstruction and Development concerning a $100 million long-term loan for increase of access to broadband Internet, UzA reports.
The company has revised a management structure that allowed to cut expenditures for managerial staff for 7.5 billion sums a year, Zafar Zahidov, Deputy Director of State Property Assets Management Agency, told UzA.
Uzbektelecom can become one of the first public companies that will be rated by international rating agencies. This will help the company to access international capital markets and to reduce costs for debt servicing, according to Zafar Zahidov.