Briefs: Russia's Golden Telecom ups Rascom stake

Nov 29, 2005

Golden Telecom has gained controlling interest in Russian telecom infrastructure operator ZAO Rascom.

Golden Telecom announced Tuesday it had purchased another 5 percent of Rascom, gaining a 54-percent stake in the company, which operates infrastructure linking Moscow, St. Petersburg and the frontier area with Finland -- areas in which Golden Telecom's traffic rate is particularly heavy.

Golden CEO Jean-Pierre Vandromme said in a statement that the deal "will give our company an opportunity to actively expand its services and projects that require considerable trunking capacity, such as, broadband access and the deployment of the Federal Transit Network."

Golden Telecom provides integrated telecom and Internet services in many of Russia's major population centers.

Copyright 2005 by United Press International

Explore further: Researchers discover low-grade nonwoven cotton picks up 50 times own weight of oil

add to favorites email to friend print save as pdf

Related Stories

Samsung delays Tizen smartphone sales launch

51 minutes ago

Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.

Building 'invisible' materials with light

52 minutes ago

A new method of building materials using light, developed by researchers at the University of Cambridge, could one day enable technologies that are often considered the realm of science fiction, such as invisibility ...

Recommended for you

Berkeley team explores sound for indoor localization

3 hours ago

The global positioning system, or GPS, has its limitations—namely, it cannot work indoors. Potential solutions for indoor positioning continue to fire up the imaginations of scientists. The latest news ...

Tesla loss widens as it ramps up expansion plan

3 hours ago

US electric automaker Tesla Motors reported Thursday a widening loss in the past quarter amid record revenues as it ramped up plans for a giant battery plant for future vehicles.

CIA director reverses himself on Senate spying

4 hours ago

For months, CIA Director John Brennan had stood firm in his insistence that the CIA had little to be ashamed of after searching the computers of the Senate Intelligence Committee. His defiant posture quickly ...

User comments : 0