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: Nintendo's trailblazing Game Boy marks 25th anniversary

add to favorites email to friend print save as pdf

Related Stories

Egypt archaeologists find ancient writer's tomb

16 hours ago

Egypt's minister of antiquities says a team of Spanish archaeologists has discovered two tombs in the southern part of the country, one of them belonging to a writer and containing a trove of artifacts including reed pens ...

Ex-Apple chief plans mobile phone for India

16 hours ago

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Recommended for you

Health care site flagged in Heartbleed review

Apr 19, 2014

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Airbnb rental site raises $450 mn

Apr 19, 2014

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Four questions about missing Malaysian plane answered

Apr 19, 2014

Travelers at Asian airports have asked questions about the March 8 disappearance of Malaysia Airlines Flight 370 while en route from Kuala Lumpur to Beijing. Here are some of them, followed by answers.

Android gains in US, basic phones almost extinct

Apr 18, 2014

The Google Android platform grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned non-smartphone handsets, a survey showed Friday.

User comments : 0

More news stories

Ex-Apple chief plans mobile phone for India

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

A homemade solar lamp for developing countries

(Phys.org) —The solar lamp developed by the start-up LEDsafari is a more effective, safer, and less expensive form of illumination than the traditional oil lamp currently used by more than one billion people ...

NASA's space station Robonaut finally getting legs

Robonaut, the first out-of-this-world humanoid, is finally getting its space legs. For three years, Robonaut has had to manage from the waist up. This new pair of legs means the experimental robot—now stuck ...