Corbina Telecom Subscribers obtain Golden WiFi Access
26 Apr 2007

MOSCOW, Russia (April 26, 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”), and Corbina Telecom – a large Russian telecommunication company providing various communication services to corporate and individual clients announce a new joint service offering.

Starting from May 1, 2007 Corbina Telecom Domestic Network subscribers in Moscow will be able to use the new joint option “Golden Wifi” – wireless Internet Access, which can be used in all areas covered by the Golden WiFi-Network. Currently, the network consists of 7,500 access nodes and covers approximately 800,000 households, open areas and most popular public places in the city.

The subscriber-price of the above mentioned option is unique – 250 RUR (including VAT) monthly for unlimited Golden WiFi Internet-access. The subscriber can anytime choose one of the two access types – Golden WiFi Access or Corbina Telecom Wireline Access.

The “Golden WiFi” option can be activated in addition to Corbina Telecom Domestic Broadband Access with the existing tariff plan.

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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