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Golden Telecom Announced to Be the Best National Partner of Nortel Networks
02 Apr 2003

On February 3 - 4, 2003, Nortel Networks, one of the largest world's manufacturers of telecommunications equipment, held a partner conference - Partners Forum 2003 - in Barcelona, Spain at which awards were presented to Nortel Networks' best national partners. Nominations were made in several categories, depending on the region and the business of the partner companies. Golden Telecom was declared the winner in the category "Best National Partner." Golden Telecom has been cooperating with Nortel Networks practically from Golden Telecom's incorporation. Golden Telecom's network is based primarily on a DMS300 international switch, two DMS100 local and long-distance switches and over 500 PBXs of the Meridian-1 series produced by Nortel Networks. The equipment of Nortel Networks was used for the construction of Golden Telecom's transport network and its Call Center, the largest commercial Call Center in Russia. Telephone exchanges manufactured by Nortel Networks are very popular among the customers of Golden Telecom, both in Moscow and in the regions. Kevin Cuffe, Vice-President of Golden Telecom and Head of the Business and Consumer solutions Business Unit, said: "We appreciate Nortel Networks acknowledgement of our cooperation. The state-of-the-art products and solutions offered by Nortel Networks help us respond to very diverse and often non-standard requirements demanded by our customers." Evgeny Lisitsyn, Head of the Representative Office of Nortel Networks in the CIS and Baltic Countries, pointed out: "Nortel Networks takes a very responsible approach to awarding its partners. A company to be nominated in the category "Best National Partner" must meet extremely strict criteria, such as possessing highly qualified personnel, a certain volume of purchases and good credit history. Golden Telecom, our partner over many years, possesses all these characteristics." The history of the partnership between Golden Telecom and Nortel Networks goes back more than ten years. Today, Golden Telecom uses the latest designs and solutions offered by Nortel Networks and is often the first of the companies operating in Russia to adopt the latest products. In conclusion Mr. Lisitsyn said: "For us, our current cooperation with Golden Telecom is a combination of innovation, extremely high qualification and loyal relations."

Golden Telecom Inc.

Altimo, a leading private equity group, operating on some of the world's most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (Golden Telecom, Inc., Turkcell Iletisim Hizmetleri A.S., Kyivstar GSM, MegaFon, VimpelCom, Sky Mobile). Those assets are in Russia , the CIS and other promising emerging markets.

Golden Telecom Inc. is a leading independent  fixed-line communications operator in Russia. The company provides, via its own infrastructure, complex telecommunications and internet services in Russia and several CIS countries. Listed on US NASDAQ. In Q1 2008, VimpelCom acquired 100% of the oustanding share capital of Golden Telecom.


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