Moscow, January 28, 2004 -
Golden Telecom Inc. (NASDAQ: GLDN), the largest independent
telecommunications operator in Russia, announced today that it has begun deployment of a
gigabit Metropolitan Ethernet Network (MEN) in St. Petersburg.
After six months of successfully operating a MEN network in Moscow, Golden Telecom is
deploying a similar network with 20 nodes in St. Petersburg, Russia’s second largest city. It is
expected that Golden Telecom’s customers will be able to use the services of the MEN network
in St. Petersburg as soon as February 2004.
At present, using the MEN network, Golden Telecom offers solutions for high-speed Internet
access, unification of territorially distributed local office networks and access to the resources of
Golden Telecom’s state-of-the-art Data Center in Moscow.
One special feature of this project is that it offers a new and unique possibility of uniting local
office networks via Ethernet not only in either Moscow or St. Petersburg, but also between
offices in either city at speeds of 1 Mbps and higher.
Alexander Rozanov, Business Development Division Director of Golden Telecom, said: "The
deployment of a MEN network in St. Petersburg is based, above all, on the successful realization
of a similar project in Moscow. We expect that the advantages of Gigabit Ethernet, such as high
speed, simplicity and reliability, will find applications not for only in city-wide networks but also
in global wide area networks (WANs)."
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). Golden Telecom offers voice, data and Internet services to corporations, operators and
consumers using its metropolitan overlay networks in Moscow, Kiev, St. Petersburg, Krasnoyarsk and Nizhny
Novgorod and via intercity fiber optic and satellite-based networks – including 150 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 safe
harbor provisions of the Securities Litigation Reform Act of 1995. Such statements include the
planned roll-out of a Gigabit Ethernet network in St Petersburg and its attractiveness to new
customers. It is important to note that such statements involve risks and uncertainties, which may
cause outcomes to differ materially from those set forth in these statements. Such risks and
uncertainties include, but are not limited to the possibility that Golden Telecom may not be able
to deploy the MEN, or that other technologies may prove more attractive. 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 periodic reports on Form 8-K and Form 10-Q filed
during 2003 and the Company’s annual report on Form 10-K for the year ended December 31,
FOR MORE INFORMATION, CONTACT:
Anna Chin Go Pin