Golden Telecom Continues to Expand Its International Partner Network
21 Mar 2007

MOSCOW, Russia (March 21, 2007). 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 today it has signed a cooperation and technical interconnection agreement with Eircom, a national Irish operator.

Golden Telecom announces the agreement signing and the launch of interconnection with the Irish incumbent Eircom. It is the first Irish operator with whom Golden Telecom starts traffic exchange. Golden Telecom will use its point of presence in London as the interconnection point for bilateral traffic exchange with calling line identification and roaming numbers support.
Currently, Golden Telecom has 216 international partners, of which 130 are in CIS countries. The company’s partner network includes multinational and national operators, such as AT&T (USA), VerizonBusiness (USA), Sprint (USA), iBasis (USA), Teleglobe (Canada), NTT Communications (Japan), Korea Telecom (Korea), British Telecom (UK), Cables&Wireless (UK), Deutsche Telekom (Germany), Telecom Italia Sparkle (Italy), KPN Royal Dutch (the Netherlands), Belgacom (Belgium), Czech Telecom (Czech Republic), OTE Globe (Greece), Telekom Austria (Austria), Teledenmark (Denmark), and TeliaSonera (Sweden). Direct partner relations established with operators outside Russia and other CIS countries enable Golden Telecom to transmit traffic to the USA, and to countries in Western and Eastern Europe, Asia, and the Pacific region.

Presently, only two alternative operators (including Golden Telecom) have received access codes for provision of DLD/ILD services.

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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