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: BMW fixes security flaw that exposed 2.2M cars to break-ins

add to favorites email to friend print save as pdf

Related Stories

Arsenic stubbornly taints many US wells, say new reports

11 hours ago

Naturally occurring arsenic in private wells threatens people in many U.S. states and parts of Canada, according to a package of a dozen scientific papers to be published next week. The studies, focused mainly ...

Planck: Gravitational waves remain elusive

12 hours ago

Despite earlier reports of a possible detection, a joint analysis of data from ESA's Planck satellite and the ground-based BICEP2 and Keck Array experiments has found no conclusive evidence of primordial ...

Evidence mounts for quantum criticality theory

13 hours ago

A new study by a team of physicists at Rice University, Zhejiang University, Los Alamos National Laboratory, Florida State University and the Max Planck Institute adds to the growing body of evidence supporting ...

Recommended for you

Jay Z to acquire Wimp music service

18 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

Scientists trial system to improve safety at sea

19 hours ago

A space scientist at the University of Leicester, in collaboration with the New Zealand Defence Technology Agency and DMC International Imaging, has been trialling a concept for using satellite imagery to ...

How to harness the wind

20 hours ago

With the abundance of wind in the Great North, one might think that harnessing it would be a breeze. But that isn't the case. Fortunately, a Ryerson researcher has found a way to address the major challenges ...

When Facebook goes down it takes big chunks of the internet with it

20 hours ago

Checking social networks is a morning ritual for many, and when that routine is disrupted – as it was recently when Facebook's servers went down – its absence can come as a surprise. But what also becomes apparent is that when the world's most popular social network is inaccessible, so t ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.