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BSTDB makes ERU18 million loan to Turkish mobile operator Avea.(TURKEY)

The Black Sea Trade and Development Bank (BSTDB) has agreed a loan of EUR18 million to Turkish mobile operator Avea in an attempt to expand the telecoms infrastructure in Turkey.

The nine-year loan will help expand Avea's nationwide GSM-based network and supporting infrastructure. Avea currently has 8 million subscribers.

BSTDB -- the Black Sea international financial institution--is supporting the development of the telecoms network in Turkey, with a focus on serving rural and underserved areas. The

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