SOURCE: Golden Telecom

July 09, 2007 12:36 ET

Golden Telecom Continues to Expand Its CIS Partner Network

MOSCOW--(Marketwire - July 9, 2007) - Golden Telecom, Inc. ("Golden Telecom" or the "Company") (NASDAQ: GLDN), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States ("CIS"), announces that it signed recently Interconnection Agreements with two more national carriers, "Telecom Georgia" and "Tajiktelecom."

Golden Telecom continues its expansion strategy development in the CIS and Baltic Region. "Golden Telecom has long standing partnership relations with more than 130 of the largest national and cellular operators in these regions. Recently, we signed Interconnection Agreements with BITE LT (Lithuania), Telecom Georgia (Georgia) and TajikTelecom (Tajikistan). The agreements give us an opportunity to optimize traffic and guarantee high quality and competitive pricing in both Russian and International wholesale markets," says Andrey Patoka, Vice-President for the Company's International and Regional Business unit.

Golden Telecom has partnership agreements with all national and many leading mobile carriers in the CIS and Baltic States. There is a high demand for transit services to the CIS destinations which Golden Telecom can meet through its partnership strategy.

Apart from voice traffic transit, Golden Telecom provides partners in the CIS and Baltic Region with other services such as IP-transit, data services based on Frame Relay and MPLS technology and leased capacity. This approach allows us to build long-term partnerships and implement joint large investment projects.

At the moment Golden Telecom has signed agreements with the following national carriers: Armentel (Armenia), Aztelecom (Azerbaijan), Beltelecom (Belarus), Elion (Estonia), Moldtelecom (Moldova), Kazakhtelecom (Kazakhstan), Kyrgyztelecom (Kyrgyzstan), Lattelecom (Latvia), TEO (Lithuania), Ukrtelecom (Ukraine), Uzbektelecom (Uzbekistan), and several cellular operators, which are leaders in their home markets, such as KievStrar (Ukraine), UMC (Ukraine), Ukrainian Radio System (Beeline Ukraine), Sky-Mobile (Kyrgyzstan), Babilon-M (Tajikistan) and Magti GSM (Georgia).

About Golden Telecom (www.goldentelecom.com):

Golden Telecom, Inc. (NASDAQ: GLDN) is a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States ("CIS"). The Company offers voice, data and Internet services to corporations, operators and consumers using its overlay network in major cities including Moscow, Kiev, St. Petersburg, Nizhniy Novgorod, Samara, Kaliningrad, Krasnoyarsk, Alma-Ata, and Tashkent, as well as leased channels and fiber-optic and satellite-based networks, including approximately 293 combined access points in Russia and other countries of the CIS. The Company offers cellular communication services in Kiev and Odessa.

Statements contained herein are forward-looking and are made in compliance with safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements include those concerning partnership between Golden Telecom, Telecom Georgia and TajikTelecom, operational issues related to the Interconnection Agreements signed and our continued expansion policy. The results or events predicted in these statements may differ materially from actual results or events. Such risks and uncertainties include, without limitation, the possibility that the details of the agreement will change, or that we are not able to continue our regional development strategy as we anticipate. Additional information concerning factors that could cause results to differ materially from those in the forward-looking statements is contained in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's quarterly reports on Form 10-Q, periodic reports on Form 8-K filed 2007, and the Company's annual report on Form 10-K for the year ended December 31, 2006.

Contact Information

  • For additional information please contact:
    Public Relations:
    Lev Chentsov
    Email: Email Contact
    Tel.: +7-495-797-9300
    Fax: +7-495-797-9332

    Investor Relations:
    Alexey Subbotin
    Email: Email Contact
    Tel.: +7-495-797-9300
    Fax: +7-495-797-9331
    www.goldentelecom.com