BELARUS NEWS AND ANALYSIS

DATE:

07/10/2005

Belarus' BeST to buy $23m equipment from Alcatel Shanghai

by Parthajit

Belarus' state-controlled mobile operator Belarus Telecommunications Network, or BeST, has signed an agreement with China's Alcatel Shanghai Bell to purchase the Chinese company's telecommunications equipment for $234m. The deal was closed on September 26.

Alcatel Shanghai Bell received a contract at a tender on June 29 to supply equipment to BeST and since then the two companies have been finalising the deal.

BeST is expected to pay for the equipment from attracted funds, including a $50m loan provided to the company by the Chinese government. The company added that the remaining amount is expected to be provided by unspecified Chinese banks.

BeST said it planned to start commercial operation by the end of this year and to attract 500,000-600,000 subscribers by the end of 2006

Source:

http://www.dmeurope.com/default.asp?ArticleID=10659

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