Broad Street Capital Named Exclusive Financial Advisor on $68 Million Telecom Project.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & MOSCOW--(BUSINESS WIRE)--Sept. 24, 2003 Broad Street Capital Group is pleased to announce that it has been selected as the exclusive financial advisor to ZAO ZAO Zakrytoe Aktsionernoe Obschestvo (Russian: Closed Joint Stock Corporation) ZAO Zenith Angle Offset ZAO Aluminium Doped Zinc Oxide (material for producton of organic light-emitting diodes) MS-Spetstelecom in the development and deployment of a $68 million wireless telecommunications project in the Volga District of the Russian Federation. Alexander M. Gordin, Managing Director of Broad Street Capital Group made the announcement saying "We are delighted to have been selected as the exclusive financial advisor for this extraordinary project. I believe that our international merchant banking expertise coupled with our extensive experience in the Eastern European telecommunications industry will be pivotal to the success of this project." In an invitation-only ceremony held Tuesday, September 9, 2003 at the Metropol Hotel in Moscow, the project sponsors and participants unveiled the details of the wireless telecommunications undertaking which will include the implementation and operation of a terrestrial trunked radio TErrestrial Trunked RAdio (TETRA) (formerly known as Trans European Trunked RAdio) is a specialist Professional Mobile Radio and two-way transceiver (colloquially known as a walkie talkie), designed for use by government agencies, and specifically emergency (TETRA) digital wireless trunking network throughout nine sovereign regions of the Russian Federation. In addition to its role as the exclusive financial advisor to the principals in this project, Broad Street Capital Group has been awarded a $504,000 contract supported by a United States Trade and Development Agency The United States Trade and Development Agency is an independent agency of the federal government of the United States.[1] Its stated mission is to "advance economic development and U.S. commercial interests in developing and middle-income countries". grant to perform the technical, economic and financial feasibility study to be used by the project sponsors to determine the best allocation of resources allocation of resources Apportionment of productive assets among different uses. The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. and provide detailed project information to potential lenders, equity investors and government officials. Based in the heart of the financial district of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Broad Street Capital Group is an international private merchant bank with offices and subsidiaries in Moscow, Toronto and Kiev. The firm carries on centuries of honored merchant banking traditions, providing a comprehensive array of services to emerging and mid-size businesses including merchant banking, trade and project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , investments and asset management, strategic business development and professional business services. For more information contact Broad Street Capital Group at 212.490.4323 or visit www.broadstreetcap.com. |
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