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Golden Telecom Selected Alcatel Enterprise Solutions for a New Hospitality Project in Moscow

Posted on: Wednesday, 30 March 2005, 09:00 CST

Alcatel (Paris:CGEP.PA and NYSE:ALA) and Golden Telecom, Inc. (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"), today announced the signing of a contract for the delivery of Alcatel communications solutions for hospitality in a newly built Swissotel Krasnye Holmy in Moscow.

Golden Telecom will provide full range of telecommunications services to Swissotel Krasnye Holmy including voice, data and Internet services. Russia's first five-star 34-floor hotel of the Swissotel chain will have 235 rooms, restaurants and cafes. Swissotel Krasnye Holmy is expected to be one of the most exclusive hotels in the capital.

Under the terms of this contract, Alcatel will provide its industry-leading Alcatel OmniPCX Enterprise communications platform, the Alcatel 4760 network management platform, and Alcatel Mobile Reflexes(TM) DECT phones.

The equipment will be delivered by the end of April and installed by Golden Telecom at the end of second quarter 2005.

The Alcatel solution will provide the hotel's guests with efficient, check-in and check-out services, as well as enhanced voicemail and Internet services. The solution will also provide the hotel and its staff with a full range of administrative services, including room management and advanced call management.

Michal Cupa, Chief Operating Officer of Golden Telecom, Inc. commented: "Communications and networks have become mission-critical for the hospitality industry. One of Golden Telecom's latest projects in the hospitality field is providing the full range of services to the new Moscow hotel, Swissotel Krasnye Holmy, which is to be opened this summer. We expect that all communication services to be provided by Golden Telecom to the hotel with the aid of the Alcatel equipment will conform to the highest world standards and will meet the requirements of the most exacting guests of the hotel."

Johan Vanderplaetse, Vice-president CIS Alcatel has added: "This contract marks a new phase in our co-operation with Golden Telecom. It proves Alcatel commitment to the Russian private networks market and allows us to make a significant footprint in this segment with next generation solutions for hospitality area."

About Golden Telecom (www.goldentelecom.com):

Golden Telecom, Inc., (NASDAQ:GLDN) is 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"). The Company offers voice, data and Internet services to corporations, operators and consumers using its metropolitan overlay network in major cities including Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Almaty, and Tashkent, and via intercity fiber optic and satellite-based networks, including approximately 220 combined access points in Russia and other countries of the CIS. The Company offers mobile services in Kiev and Odessa.

Statements made in this press release are forward looking and are made pursuant to the provisions of the Securities Litigation Reform Act of 1995. Such statements include the expected date of installation of the telecommunications equipment for Swissotel Krasnye Holmy and the expected high level of service after installation. It is important to note that such statements involve certain risks and uncertainties, which may cause real actions to differ materially from the announced program. Such risks and uncertainties include, but are not limited to, our ability to install the telecommunication equipment in a timely manner and to maintain the high level of customer service that we expect. Additional information concerning factors that could cause results to differ materially from those in the forward looking statements is contained in the Company's filings with the U.S. Securities and Exchange Commission including the Company's quarterly reports on Form 10-Q, periodic reports on Form 8-K filed during 2004 and 2005, and the Company's annual report on Form 10-K for the year ended December 31, 2004.

About Alcatel

Alcatel provides communications solutions to telecommunication carriers, Internet service providers and enterprises for delivery of voice, data and video applications to their customers or employees. Alcatel brings its leading position in fixed and mobile broadband networks; applications and services, to help its partners and customers build a user-centric broadband world. With sales of EURO 12.3 billion in 2004, Alcatel operates in more than 130 countries.

For more information, visit Alcatel on the Internet: http://www.alcatel.com

Source: Business Wire

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