January 18, 2018 / 8:06 AM / 10 months ago

Russia's VTB to provide Megafon with banking guarantees of up to 4 bln rbls

MOSCOW, Jan 18 (Reuters) - Russian state bank VTB said on Thursday it has agreed to provide the phone operator Megafon with banking guarantees of up to 4 billion roubles ($70.5 million), which would last for 4 years.

Megafon plans to use the tool to meet its current financial needs.

$1 = 56.7237 roubles Reporting by Katya Golubkova; editing by Vladimir Soldatkin

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