 | |
| Company type | Public company |
|---|---|
| Nasdaq: GLDN [1] | |
| Industry | Telecommunications |
| Founded | 1996 |
| Fate | Acquired |
| Successor | OJSC VimpelCom |
Key people | Fabrizio Mambrini, CEO Alexander Vinogradov, President |
| Products | Internet access, mobile phones |
Number of employees | 1407 (1999) |
| Website | goldentelecom |
Golden Telecom is an internet services provider in Russia and the Commonwealth of Independent States (CIS). [2] It was acquired by VimpelCom in 2007.
Founded in 1996 by the global corporation Global Telesystems ("GTS"). NYSE-listed Global TeleSystems ("GTS") was the owner of EBONE one of Europe's leading broadband optical and IP network service providers (a Tier 1 network). GTS had its IPO on the NASDAQ in 1998. In 2000, a new management including Robert A. Schriesheim as CFO, was brought in to help restructure and refocus the company. [3] GTS was a pan-European communications services provider, backed by Alan B. Slifka and affiliates of George Soros and Soros Private Equity, with revenues of over $1 billion and operations in 20 countries in Europe. In October 1999 GTS did an IPO of on the NASDAQ of, Golden Telecom, which held communications assets in Russia, with GTS retaining a 65% interest. [4] GTS was essentially a portfolio of communications assets in Western and Eastern Europe which went through an IPO in 1998, and subsequently experienced challenges with an over-levered balance sheet as Europe went through deregulation and from the overall fall-out of the dot.com boom and bust which impacted its customer base. In 2001, to facilitate the sale of GTS, Mr. Schriesheim helped lead it through a pre-arranged filing under Chapter 11 of the United States Bankruptcy Code (U.S.B.C.) and, in prearranged proceedings, a petition for surseance (moratorium), offering a composition, in the Netherlands to restructure its debt, in excess of $2 billion. All such proceedings were approved, confirmed and completed by March 31, 2002, as part of the sale of the company. [5] David A. Stewart served as Senior Vice President, chief financial officer and Treasurer at that time and left Golden Telecom in 2004. [6]
Golden Telecom was acquired by VimpelCom in 2007. [7]
Golden Telecom is a brand of EDN Sovintel, LLC.
Golden Telecom built its own Federal Transit Network (FTN) in Russia. At present[ when? ], the operator has fibre-optical highways Moscow-Saint Petersburg and Moscow-Nizhni Novgorod.
On March 17, 2006, the operator declared that it put into operation the fibre-optical highway Moscow-Nizhni Novgorod. The distance of the line is 485 km (301 mi). The construction of the optical highway Moscow-Nizhni Novgorod was carried out together with Open Society VimpelCom. Both companies have invested nine million dollars in the construction.
Since March 2006 Golden Telecom has been building a fibre-optical highway Nizhni Novgorod-Kazan-Ufa, with planned operation start in the end of 2006.
Company was building the largest European Wi-Fi network in Moscow, over 5.000 WAPs, made by Nortel, are installed by the end of 2006.
In 2007 the company was planning to begin construction of a fibre-optical highway Kazan-Naberezhnye Chelny-Perm-Yekaterinburg and complete the construction of line Ufa-Samara-Saratov.
Golden Telecom LLC is the smallest GSM operator in Ukraine, although it started early by launching its GSM-1800 operation back in 1996. Its wireless network covers just two metropolitan areas: Kyiv and Odesa, lacking the national coverage of its competitors. In the early 2000s new owners (controlled by the Russian Alfa Group) shifted company's strategy, which since then has focused on providing integrated telecommunications services for businesses and other high-usage customers and telecommunications operators.
The current number of Golden Telecom's GSM postpaid and prepaid subscribers is just below 50,000 (June 2007). The outlook of its GSM business is quite grim in the wake of huge success and growth of traditional (Kyivstar, UMC) and emerging (Astelit) competitors. Even its earlier competitive advantage, absence of the connection fee (a small flat fee, usually $0.05–$0.06, charged by Kyivstar and UMC per connection in addition to per minute rate), is not a factor anymore as new competitors (Astelit, Beeline) do not charge connection fees as well.
To cope with its limited GSM coverage, the company has recently concluded an agreement with Beeline, another trailing local mobile operator, which allows Golden Telecom's contract subscribers to roam onto Beeline's growing cellular network throughout Ukraine. This is the first national roaming agreement between mobile operators in Ukraine.
Golden Telecom LLC Ukraine is a division of Golden Telecom Inc. (NASDAQ: GLDN), which also operates a telecom business in Russia.
The telecommunications in Russia has undergone significant changes since the 1980s, radio was a major new technology in the 1920s, when the Communists had recently come to power. Soviet authorities realized that the "ham" operator was highly individualistic and encouraged private initiative – too much so for the totalitarian regime. Criminal penalties were imposed but the working solution was to avoid broadcasting over the air. Instead radio programs were transmitted by copper wire, using a hub and spoke system, to loudspeakers in approved listening stations, such as the "Red" corner of a factory. This resulted in thousands of companies licensed to offer communication services today. Due to the enormous size of the country Russia today, the country leads in the number of TV broadcast stations and repeaters. The foundation for liberalization of broadcasting was laid by the decree signed by the President of the USSR in 1990. Telecommunication is mainly regulated through the Federal Law "On Communications" and the Federal Law "On Mass Media"
Communications in Vietnam include the use of telephones, radio, television and Internet.
Telecommunications in Armenia involves the availability and use of electronic devices and services, such as the telephone, television, radio or computer, for the purpose of communication. The various telecommunications systems found and used in Armenia includes radio, television, fixed and mobile telephones, and the internet.
Alfa Group Consortium is Russian international privately owned investment groups, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments.
MTS, headquartered in Moscow, is the largest mobile network operator in Russia, operating on GSM, UMTS and LTE standards. Apart from cellular network, the company also offers local telephone service, broadband, mobile television, cable television, satellite television and digital television.
Beeline, formerly Bee Line GSM is a telecommunications brand by company PJSC VimpelCom, founded in Russia.
Kyivstar is a Ukrainian telecommunications company, providing communication services and data transmission based on a broad range of fixed and mobile technologies, including 4G (LTE) services, in Ukraine.
Wind Telecomunicazioni S.p.A., trading as Wind, was an Italian telecommunications company which offered mobile telephony services and, through Infostrada, also fixed-line telephony services, Internet and IPTV. It was owned by the telecommunications group VimpelCom through their subsidiary Wind Telecom.
Rostelecom (Ростелеком) is Russia’s largest provider of digital services for a wide variety of consumers, households, private businesses, government and municipal authorities, and other telecom providers. Rostelecom interconnects all local public operators’ networks into a single national network for long-distance service. In other words, if one makes a long-distance call or originates Internet contact to or from Russia, it is likely that Rostelecom is providing part of the service. The company's stock trades primarily on the Moscow Exchange.
This is a discussion of telephone numbers in Ukraine. The nation of Ukraine has country code +380. It switched to the European Union's common dialing plan in 2009. Thus, Ukrainian phone numbers consist of a 2-digit zone code, an optional subzone code, an optional filler, and the local phone number. However, following the 2022 Russian invasion of Ukraine, the regions of Crimea, Donetsk, and Luhansk were given Russian telephone codes instead, as if they were following telephone numbers in Russia, by Russian authorities.
Mobile phone industry in Russia is an trade industry of cell phone devices and mobile network services in Russia. Since the collapse of the Soviet Union in the 1991 it had seen a great expansion over the last decades becoming one of the largest in the world. In terms of number of smartphone users, Russia is the 4th biggest smartphone market in the world sitting behind only China, India, and USA.
GTL Limited, is a network services company based in Navi Mumbai. It is India's largest network services provider to the world, and is a Global Group Enterprise.
Robert A. Schriesheim is an American business executive. According to a published interview with FTI Consulting in November 2021 he has served as a board director of 11 public companies, including as board chairman, and as a CFO of 4 public companies with revenues from approximately $1 billion to over $40 billion. He is chairman of Truax Partners LLC and has partnered with institutional investors leading large enterprises through complex transformations serving in various executive leadership and board roles. According to a 2016 Wall Street Journal article, he has a "history of working in partnership with private equity firms, hedge funds and institutional investors in special situation circumstances". According to Barron's and CFO magazine, Schriesheim has "spent most of his career at the high end of the strategy spectrum, embroiled in complex restructurings" focused on capital allocation. He is also an adjunct professor at The University of Chicago Booth School of Business where he teaches a course titled "Corporate Governance and Activism: The Role of Boards in Critical Decisions".
Ihor Volodymyrovych Lytovchenko is a founder and permanent head of the Kyivstar company since 1994. He is the chairman of the management board, and the head of business unit VimpelCom Ltd. For 15 years, Ihor Lytovchenko has been developing one of the most successful business projects in Ukraine. Under his command, Kyiv local cellular company has taken a leadership position in the national telecommunications market, providing services to 27 million subscribers around Ukraine.
VEON Ltd. is a Dutch-domiciled multinational telecommunication services company. It predominantly operates services in the regions of Asia, Africa and Europe. It is the 13th largest mobile network operator in the world by number of subscribers. The company operates in six markets including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan, VEON announced the sale of its Russian operations on 24 November 2022. VEON's brands include Kyivstar, Jazz Pakistan, Banglalink and others.
PJSC VimpelCom is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin and Augie K. Fabela II came together to pioneer the Russian mobile industry. Augie Fabela, who was then a young entrepreneur from the US, and Dr. Zimin who was a Russian scientist in his 50s, together launched the Beeline brand.
Oleksandr Komarov is a Ukrainian telecommunications top-level manager, CEO of Kyivstar — No. 1 telecom operator in Ukraine with about 26 million subscribers.
The Mobile phone industry in Ukraine started in 1993 in analog, and its digital industry showed rapid growth, although there have been ups and downs.
The Service-Telecom Group of Companies is an independent wireless telecommunication infrastructure operator that constructs and leases antenna-mast structures (AMS) to place telecom equipment.
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