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: Hacker gets prison for cyberattack stealing $9.4M

add to favorites email to friend print save as pdf

Related Stories

Heavy rains leave 22 dead in Nicaragua

1 hour ago

Days of torrential rains in Nicaragua left 22 people dead and left homeless more than 32,000 others, according to an official report Saturday.

New iPad cellular models have Apple SIM flexibility

1 hour ago

Cellular-enabled iPad models are under a new paradigm, said AppleInsider, regarding the Apple SIM. Apple's newest iPad models with cellular connectivity use a SIM card which tech sites said could eventually ...

Recommended for you

Microsoft beefs up security protection in Windows 10

55 minutes ago

What Microsoft users in business care deeply about—-a system architecture that supports efforts to get their work done efficiently; a work-centric menu to quickly access projects rather than weather readings ...

US official: Auto safety agency under review

13 hours ago

Transportation officials are reviewing the "safety culture" of the U.S. agency that oversees auto recalls, a senior Obama administration official said Friday. The National Highway Traffic Safety Administration has been criticized ...

Out-of-patience investors sell off Amazon

13 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

Ebola.com domain sold for big payout

14 hours ago

The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 in cash and stock.

Hacker gets prison for cyberattack stealing $9.4M

18 hours ago

An Estonian man who pleaded guilty to orchestrating a 2008 cyberattack on a credit card processing company that enabled hackers to steal $9.4 million has been sentenced to 11 years in prison by a federal judge in Atlanta.

Magic Leap moves beyond older lines of VR

18 hours ago

Two messages from Magic Leap: Most of us know that a world with dragons and unicorns, elves and fairies is just a better world. The other message: Technology can be mindboggingly awesome. When the two ...

User comments : 0