Golden Telecom: Each Building in Nizhny Novgorod Receives Broadband Internet From Golden Telecom
Each Building in Nizhny Novgorod Receives Broadband Internet From Golden Telecom NIZHNY NOVGOROD, RUSSIA — (MARKET WIRE) — November 17, 2006 — Golden Telecom, Inc.(NASDAQ: GLDN), a leading independent operator of integratedtelecommunications in Russia and other countries of theCommonwealth
of Independent States (”CIS”), announced thatAgentstvo Delovoy Svyazi (”ADS”), Golden Telecom’ssubsidiary in Nizhny Novgorod, launched a massive Internetinto each Building project.
Broadband rollout is a key component of Golden Telecom’sstrategy. As reported earlier, Golden Telecom plans torollout a Fiber-to-the-Building (”FTTB”) based network inNizhny Novgorod which will cover 250,000 households. TheCompany expects to provide Triple Play services includingHigh-Speed Internet Access, VoIP, and Digital TV.
At the first stage of the project, a pilot zone embracing1,560 households was commissioned in a residential districtof Nizhny Novgorod. In the future, two more pilot zones with2,297 and 3,488 households will be commissioned.
In September 2006, ADS entered the home Internet market byoffering residents of Nizhny Novgorod unlimited tariffplans. For the first time, offers similar to the Internettariffs in Moscow appeared in Nizhny Novgorod’s broadbandaccess market.
The project became possible after the launch of GoldenTelecom’s fiber-optic communication line (”FOCL”) betweenMoscow and Nizhny Novgorod, which was commissioned in March2006. The construction of its own FOCL facilitates GoldenTelecom to offer home users High-Speed Internet Access, andin the future IP telephony and IPTV services.
ADS has also developed its own content and informationservices. One of the first gaming portals in NizhnyNovgorod, www.FireGround.ru, was created and supported byADS and is highly popular. Another network project,www.media-nn.ru, which is expected to be launched inNovember, 2006, will allow Nizhny Novgorod residents withHigh-Speed Internet Access to watch RBC-TV channel andlisten to 5 radio stations.
Sergei Korsakov, General Director of ADS, noted:”Commissioning of the pilot zone is a major step in theimplementation of our strategy aimed at development ofbroadband Internet access. In the past, we could providebroadband access services only to subscribers of the ADSnetwork. Now, our services are accessible by more residentsof Nizhny Novgorod. Moreover, an important social componentof the ‘Internet into each Building’ project is a program toconnect the Internet to all schools and hospitals locatedwithin the coverage zone. We have prepared in connectionwith several schools and hospitals Internet services atdiscounted prices and plan to continue to support thissocial program.”
About Golden Telecom (www.goldentelecom.com)
Golden Telecom, Inc., (NASDAQ: GLDN) is a leadingfacilities-based provider of integrated telecommunicationsand Internet services in major population centers throughoutRussia and other countries of the CIS. The Company offersvoice, data and Internet services to corporations, operatorsand individuals using its metropolitan overlay networks inmajor cities, including Moscow, Kiev, St. Petersburg, NizhnyNovgorod, Samara, Kaliningrad, Krasnoyarsk, Alma Ata andTashkent and via leased channels and fiber optic andsatellite-based networks, including approximately 287combined access points in Russia and other countries of theCIS. The Company offers mobile services in Kiev and Odessa.
Statements made in this press release are forward-lookingand are made pursuant to the provisions of the SecuritiesLitigation Reform Act of 1995. Such statements include thoseon our broadband strategy and our service offerings inNizhny Novgorod. It is important to note that suchstatements involve risks and uncertainties, which may causeresults to differ materially from those set forth in thesestatements. Such risks and uncertainties include, but arenot limited to, the possibility that we are not able todevelop our broadband strategy in the manner we anticipate.Additional information concerning factors that could causeresults to differ materially from those in theforward-looking statements is contained in the Company’sfilings 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 theCompany’s annual report on Form 10-K for the year endedDecember 31, 2005.
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