OREANDA-NEWS. August 31, 2007.. Golden Telecom, Inc. (“Golden Telecom”) (NASDAQ: “GLDN”), a leading provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), announces the opening of its new office in Volzhskiy and operates 10,000 new telephone numbers in Volgograd.

This Golden Telecom office in Volzhskiy and 10,000 new telephone numbers in Volgograd will enable the full range of communication services to be provided to the region, which include provisioning of corporate telecommunications networks, video conferencing, integrated IP telephone services and high-speed Internet access.