OREANDA-NEWS. July 24, 2007. Lattelecom, the leading provider of electronic communications services in Latvia together with Golden Telecom (NASDAQ: “GLDN”), the leading provider of integrated telecommunications services in Russia and other countries of the Commonwealth of Independent States (“CIS”) have jointly launched a new high-speed Internet channel. The new channel enhances Internet traffic speed up to 1Gb/s between the two countries and benefits all Lattelecom clients.

Internet traffic from Latvia to Russia was previously routed indirectly through London and Frankfurt transit stages. All data directed from Latvia to St. Petersburg or Moscow was first sent to London and then routed to Russia. The new Internet channel is transmitted through Stockholm, which enables Internet information to reach Moscow from Riga in 36 milliseconds or more than twice as fast as before. The first beneficiaries of the high-speed channel launch are Lattelecom broadband Internet clients, who may use broadband for network-based computer games or access Russian content.