SOURCE: Golden Telecom

August 29, 2007 11:46 ET

Golden WiFi Adapters Go on Special at Betalink Stores

MOSCOW--(Marketwire - August 29, 2007) - Golden Telecom, Inc. ("Golden Telecom") (NASDAQ: GLDN), the leading provider of integrated telecommunications and Internet services in the largest population areas throughout Russia and other countries of the Commonwealth of Independent States ("CIS"), and Betalink, one of Russia's leading wireless retailers, have launched a joint campaign to promote Golden WiFi adapters.

From August 3, 2007, customers buying at least three 500 ruble Golden WiFi prepaid cards at 45 Betalink wireless stores will be offered a Golden WiFi Ethernet adapter for free.

The Golden WiFi network is the world's largest WiFi network. The adapter improves the WiFi connection rate and stability, is easy to use, and it makes the online experience more enjoyable. In addition, it also allows older computers without built in WiFi to connect to the Golden WiFi network.

Customers can buy prepaid cards and receive a Golden WiFi adapter at one of the 45 participating Betalink wireless stores. Store locations and more detailed information about this promotion campaign are available at www.betalink.ru and www.goldenwifi.ru.

This offer is valid until December 31, 2007.

About BETALINK

The Betalink network has been operating on the wireless market for the past 10 years and is currently comprised of more than 750 retail outlets located in 138 Russian cities. The company specializes in retail and wholesale of wireless handsets.

At the end of 2006, Betalink was rated one of the top five market leaders in terms of sales of wireless handsets and one of the 30 largest retail companies in Russia (according to Kommersant Rating).

www.betalink.ru

About Golden Telecom

Golden Telecom, Inc. (NASDAQ: GLDN) is the leading provider of integrated telecommunications and Internet services in the largest population areas of Russia and the Commonwealth of Independent States (CIS), with its own facilities and communications infrastructure. The Company offers telephony, data transfer and Internet access services to corporations, operators and private individuals through its existing networks in large cities, including Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Almaty and Tashkent, as well as through rented channels and fiber-optic and satellite communications networks, including 293 combined access points in Russia and other CIS countries. The Company also offers mobile communications services in Kiev and Odessa.

www.goldentelecom.ru

Contact Information

  • For additional information please contact:

    Golden Telecom

    Public Relations Department:
    Leo Chentsov
    Email: Email Contact
    Tel.: +7-495-787-1000

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

    Betalink

    Elena Spasova
    PR Manager
    Betalink CJSC
    Email: Email Contact
    Telephone: +7 (495) 223-3322, ext. 11-55
    www.betalink.ru