SOURCE: Golden Telecom

December 19, 2006 03:25 ET

Updated: The Minister Announced Golden Telecom Access Codes Allocation

MOSCOW -- (MARKET WIRE) -- December 19, 2006 -- 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 Minister of the Russian Federation for Communications and Informatization Leonid D. Reiman said today at the press conference on 2006 preliminary results of telecom industry development that a Resolution allocating access codes to Golden Telecom had been signed.

Golden Telecom is expecting the official confirmation from the Ministry.

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 CIS. The Company offers voice, data and Internet services to corporations, operators and individuals using its metropolitan overlay networks in major cities, including Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Alma Ata and Tashkent and via leased channels and fiber optic and satellite-based networks, including approximately 287 combined access points in Russia and other countries of the CIS. The Company offers mobile services in Kiev and Odessa.

Statements made in this press release are forward-looking and are made pursuant to the provisions of the Securities Litigation Reform Act of 1995. Such statements include those on the expected receipt of the access codes. It is important to note that such statements involve risks and uncertainties, which may cause results to differ materially from those set forth in these statements. Such risks and uncertainties include, but are not limited to, the possibility that we do not receive the official confirmation from the Ministry for Communications and Informatization in the Russian Federation regarding access codes allocation to Golden Telecom. 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 during 2006, and the Company's annual report on Form 10-K for the year ended December 31, 2005.

Contact Information

  • For more information please contact:

    Public Relations:
    Anna Chin Go Pin
    e-mail: Email Contact
    tel.: +7-495-797-9300;
    fax: +7-495-797-9332

    Investor Relations:
    Alexei Subbotin
    e-mail: Email Contact
    tel.: +7-495-797-9300;
    fax: +7-495-797-9331
    www.goldentelecom.com