Sistema to borrow $10-14 billion in 2008 for its worldwide business

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New Delhi, Feb 12 (UNI) Sistema, the largest public diversified corporation in Russia and the CIS, will be borrowing about 10-14 billion dollars in 2008 to invest in its businesses worldwide, a company official said today.

''The investment will be done in various fields, but I won't be able to give a breakup at this moment,'' company's chairman Vladimir Evtushenkov told reporters here.

Sistema is also venturing in the Indian real estate business while also looking to increase its stake in Shyam Telelink from 51 per cent to 71 per cent.


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