Gazprombank agrees to loan USD 200 mn to Sistema Shyam

"The signing of the mandate letter by Gazprombank for raising a loan of USD 200 million in favour of Sistema Shyam Teleservices is very significant for us," Sistema Shyam Teleservices President and CEO Vsevolod Rozanov said in a statement here.

He said, "This further reinforces our commitment to roll out a world class telecom network in India by harnessing the power of CDMA technology. This is bound to benefit both our customers and also create value for all our shareholders."

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