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 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.

“This is an innovative technical solution for the Russian market when an Internet user can get wireline and wireless access from one provider. Such integration of technologies gives access irrespective to subscribers’ whereabouts and let them always stay on-line”, - comments Dmitry Malov, Vice-President of Corbina Telecom.

“The option offered by Golden Telecom and Corbina Telecom is a pioneering effort in the long chain of new solutions, which can be jointly developed with Corbina Telecom. It will help us both to attract new users, and provide new solutions to existing subscribers”, – noted Dmitry Bragin, Vice-President of Golden Telecom.