Golden Telecom and Avtovaz start cooperation
17 Apr 2007
Moscow, Russia (April 17, 2007). Golden Telecom, Inc. (“Golden Telecom”) (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”), announced today it has completed the interconnection of OAO AVTOVAZ’s (“AVTOVAZ”) network to its own network.
AVTOVAZ is the largest automobile manufacturer in Russia and Europe, located in the Russian city of Tolyatti.
At the end of March 2007, Golden Telecom and AVTOVAZ signed contracts for the connection of AVTOVAZ’s network to Golden Telecom’s network at the zonal level and for transmission of traffic. Golden Telecom will provide zonal, intercity and international communication services to this large automotive company.
Commenting on project, Jean-Pierre Vandromme, Golden Telecom’s Chief Executive Officer, noted, “The agreement with AVTOVAZ and the implementation of this project have been facilitated by our entry into the Russian long-distance communications market in January 2007 and our commencement of service offerings under our new license. Also, in December 2006 we completed the construction of our own fiber-optic communication line between Moscow and Samara, and we expect to put into commercial operation the fiber optic section between Samara and Tolyatti in April 2007. We are confident that with all the required licenses, our network infrastructure, our geographical presence, and our advanced service expertise in dealing with such large customers, we will be able to fully meet the complex telecommunication requirements of AVTOVAZ. We look forward to providing services to support AVTOVAZ’s extensive operations across all regions of Russia, and in the CIS and Europe.”
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