SOURCE: Golden Telecom, Inc.

March 21, 2007 07:45 ET

Golden Telecom Continues to Expand Its International Partner Network

MOSCOW -- (MARKET WIRE) -- March 21, 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 today it has signed a cooperation and technical interconnection agreement with Eircom, a national Irish operator.

Golden Telecom announces the agreement signing and the launch of interconnection with the Irish incumbent Eircom. It is the first Irish operator with whom Golden Telecom starts traffic exchange. Golden Telecom will use its point of presence in London as the interconnection point for bilateral traffic exchange with calling line identification and roaming numbers support.

Currently, Golden Telecom has 216 international partners, of which 130 are in CIS countries. The company's partner network includes multinational and national operators, such as AT&T (USA), VerizonBusiness (USA), Sprint (USA), iBasis (USA), Teleglobe (Canada), NTT Communications (Japan), Korea Telecom (Korea), British Telecom (UK), Cables&Wireless (UK), Deutsche Telekom (Germany), Telecom Italia Sparkle (Italy), KPN Royal Dutch (the Netherlands), Belgacom (Belgium), Czech Telecom (Czech Republic), OTE Globe (Greece), Telekom Austria (Austria), Teledenmark (Denmark), and TeliaSonera (Sweden). Direct partner relations established with operators outside Russia and other CIS countries enable Golden Telecom to transmit traffic to the USA, and to countries in Western and Eastern Europe, Asia, and the Pacific region.

Presently, only two alternative operators (including Golden Telecom) have received access codes for provision of DLD/ILD services.

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 290 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 the commercial relationship with Eircom, increased traffic and future cooperation with international telecom operators. It should be noted that these statements are subject to important risks and uncertainties. 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 we will not be able to develop the commercial relationship with Eircom as we expect, that the relationship will not bring the expected benefit or that our traffic volumes will not increase. For additional information about the factors that may lead to significant discrepancies between the final results and those predicted in forward-looking statements, please refer to corporate reports submitted to the United States Securities and Exchange Commission, including 10-Q quarterly and 8-K current reports submitted in 2007, as well as the 10-K annual corporate report for the fiscal year that ended on December 31, 2006.

Contact Information

  • For additional information please contact:

    Public Relations:
    Anna Chin Go Pin
    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