Moscow, Russia(November 17, 2005). 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”), completed construction and launched operation of a corporate communications network for RUSIA Petroleum. RUSIA Petroleum is developing the Kovytkinskoye gas condensate deposit in the Irkutsk region.
Golden Telecom won the construction tender for the project in 2004, and in 2005 Golden Telecom constructed and launched a network that linked RUSIA Petroleum headquarters in Irkutsk with field offices in Moscow and Beijing, as well as drillers’ settlements in Magistralny and Nuchakan in the Irkutsk region. The network is constructed on the basis of radio-relay, satellite, fiber optic, and copper lines using Frame Relay and voice over IP (VoIP) technologies. This network will ensure provision of high quality and reliable services to RUSIA Petroleum in a cost efficient manner. Overall, Golden Telecom will provide RUSIA Petroleum with a full spectrum of telecommunications services including basic telephony, data transfer, and Internet access.
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