Golden Telecom commissions a new telephone exchange in Pskov
26 Sep 2003

The SI-2000 switch has been certified by the Ministry of Communications of the Russian Federation as an urban, rural and transit exchange. As a result Golden Telecom's customers in Pskov can have local-area numbers, accessible by the Pskov area code 8112, installed in their offices for access to the local network and can also enjoy high-quality long-distance communication services. The new exchange was installed in a record time of two months. Customers connected to the new exchange can, if they wish, have telephone numbers with the non-geographical area code 501 as well as Pskov local numbers. Since the area code 501 is owned by Golden Telecom, customers using this option will be able to reduce their long-distance communication expenses because more of this traffic will stay on Golden Telecom's network.

Golden Telecom has been working in Pskov for over three years. The company has built a 15-km fiber-optic network and intends to expand it. Using this network Golden Telecom provides telephony services, dedicated and dialup Internet access, integrated "voice-data" services using SDSL technology and connects corporate customers in nearly all areas of the city. At present, Golden Telecom has approximately 2 500 customers in Pskov.

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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