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Russia's Megafon lines up $600 mln financing from CDB

Reuters - UK Focus

BEIJING/MOSCOW, Sept 3 (Reuters) - Russia's second-biggest mobile phone operator Megafon said on Thursday it had signed a framework agreement with China Development Bank (CDB) for potential financing of up to $600 million.

The financing could be used to buy equipment and services from China's Huawei Technologies and debt refinancing, Megafon said in a statement. (Reporting by Denis Dyomkin and Anastasia Teterevleva; Writing by Maria Kiselyova; Editing by Andrew Osborn)