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[GOLDEN TELECOM LOGO]
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[BEELINE LOGO] |
Golden Telecom and VimpelCom Confirm
Discussions
MOSCOW, Russia –
December 3, 2007 – Golden Telecom Inc. (NASDAQ:
“GLDN”) and Open Joint Stock Company
Vimpel-Communications (NYSE:
“VIP”) today issued the following joint
statement:
Golden Telecom and
VimpelCom confirm that they are currently in discussions regarding
the potential acquisition of all of the outstanding shares of
Golden Telecom by a subsidiary of VimpelCom at a price per share of
$105 in cash, subject to negotiation and execution of a definitive
acquisition agreement and final approval of their respective Boards
of Directors and the special independent committees thereof.
There can be no assurance
that the discussions will lead to a definitive agreement or that a
transaction will be consummated. Golden Telecom and VimpelCom do
not intend to make any further comment or to respond to any
inquiries until either a definitive agreement has been reached or
discussions have been terminated.
About VimpelCom Group
(www.vimpelcom.com):
The VimpelCom Group includes companies operating in Russia,
Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia.
The VimpelCom Group’s GSM and 3G license portfolio covers a
territory with a population of about 250 million. This
includes the entire territories of Russia, Kazakhstan, Ukraine,
Uzbekistan, Tajikistan, Georgia and Armenia. VimpelCom was the
first Russian company to list its shares on the New York Stock
Exchange (“NYSE”). VimpelCom’s ADSs are listed on
the NYSE under the symbol “VIP”.
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