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Recent news
04.08.2010
UTK: cost of debt servicing on credits and loans lowered to 8.17%Press Release
Krasnodar, August 4, 2010. Southern Telecommunications Company (UTK) [(RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the largest fixed-line operator in the Southern and North-Caucasian Federal Districts of Russia, hereby announces that the company has managed to reduce the weighted average interest rate on credits and loans from 9.9% at the beginning of 2010 to 8.17% at present. In addition, a reduction in expenses for interest payments has occurred as a result of the work performed. In H1 2010 this indicator decreased by 35.6% to RUR 779.9 mln from RUR 1,211 mln in H1 2009.
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