Bank Of Baku

EBRD allocated USD 50 mln credit to Aztelecom

EBRD allocated USD 50 mln credit to Aztelecom
# 22 December 2022 17:47 (UTC +04:00)

Aztelecom LLC and European Bank for Reconstruction and Development (EBRD)  inked a USD 50 mln (AZN 85 mln) credit agreement on the financing of the broadband Internet network expansion project of Aztelecom LLC, APA-Economics reports citing Ministry.

The credit agreement was signed between Klaus Mueller, CEO of Aztelecom LLC, and Matteo Patrone, the Managing Director for Easter Europe and the Caucasus (EEC) at the EBRD.

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