science

Golden Telecom

Golden Telecom is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Golden Telecom rather than just read about it. In short: Golden Telecom is an internet services provider in Russia and the Commonwealth of Independent States (CIS). It was acquired by VimpelCom in 2007.

Key takeaways

Golden Telecom belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Golden Telecom to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Golden Telecom from memory before moving on to harder problems.

Reference excerpt

Golden Telecom is an internet services provider in Russia and the Commonwealth of Independent States (CIS). It was acquired by VimpelCom in 2007.

History Founded in 1996 by the global corporation Global Telesystems ("GTS"). NYSE-listed Global TeleSystems ("GTS") was the owner of EBONE one of Europe's leading broadband optical and IP network service providers (a Tier 1 network). GTS had its IPO on the NASDAQ in 1998. In 2000, a new management including Robert A. Schriesheim as CFO, was brought in to help restructure and refocus the company. GTS was a pan-European communications services provider, backed by Alan B. Slifka and affiliates of George Soros and Soros Private Equity, with revenues of over $1 billion and operations in 20 countries in Europe. In October 1999 GTS did an IPO of on the NASDAQ of, Golden Telecom, which held communications assets in Russia, with GTS retaining a 65% interest. GTS was essentially a portfolio of communications assets in Western and Eastern Europe which went through an IPO in 1998, and subsequently experienced challenges with an over-levered balance sheet as Europe went through deregulation and from the overall fall-out of the dot.com boom and bust which impacted its customer base. In 2001, to facilitate the sale of GTS, Mr. Schriesheim helped lead it through a pre-arranged filing under Chapter 11 of the United States Bankruptcy Code (U.S.B.C.) and, in prearranged proceedings, a petition for surseance (moratorium), offering a composition, in the Netherlands to restructure its debt, in excess of $2 billion. All such proceedings were approved, confirmed and completed by March 31, 2002, as part of the sale of the company. David A. Stewart served as Senior Vice President, chief financial officer and Treasurer at that time and left Golden Telecom in 2004. Golden Telecom was acquired by VimpelCom in 2007.

List of acquisitions by Golden Telecom July 2000 — IT Infoart Stars July 2000 — search engine aport.ru April 2001 – internet service providers Cityline and Uralrelcom March 2002 – EDN Sovintel, LCC Golden Telecom is a brand of EDN Sovintel, LLC. Golden Telecom built its own Federal Transit Network (FTN) in Russia. At present, the operator has fibre-optical highways Moscow-Saint Petersburg and Moscow-Nizhni Novgorod. On March 17, 2006, the operator declared that it put into operation the fibre-optical highway Moscow-Nizhni Novgorod. The distance of the line is 485 km (301 mi). The construction of the optical highway Moscow-Nizhni Novgorod was carried out together with Open Society VimpelCom. Both companies have invested nine million dollars in the construction. Since March 2006 Golden Telecom has been building a fibre-optical highway Nizhni Novgorod-Kazan-Ufa, with planned operation start in the end of 2006. Company was building the largest European Wi-Fi network in Moscow, over 5.000 WAPs, made by Nortel, are installed by the end of 2006. In 2007 the company was planning to begin construction of a fibre-optical highway Kazan-Naberezhnye Chelny-Perm-Yekaterinburg and complete the construction of line Ufa-Samara-Saratov.

Golden Telecom LLC (Ukraine) Golden Telecom LLC is the smallest GSM operator in Ukraine, although it started early by launching its GSM-1800 operation back in 1996. Its wireless network covers just two metropolitan areas: Kyiv and Odesa, lacking the national coverage of its competitors. In the early 2000s new owners (controlled by the Russian Alfa Group) shifted company's strategy, which since then has focused on providing integrated telecommunications services for businesses and other high-usage customers and telecommunications operators. The current number of Golden Telecom's GSM postpaid and prepaid subscribers is just below 50,000 (June 2007). Even with its earlier competitive advantage, absence of the connection fee (a small flat fee, usually $0.05–$0.06, charged by Kyivstar and UMC per connection in addition to per minute rate), is not a factor anymore as new competitors (Astelit, Beeline) do not charge connection fees as well. To cope with its limited GSM coverage, the company has recently concluded an agreement with Beeline, another trailing local mobile operator, which allows Golden Telecom's contract subscribers to roam onto Beeline's growing cellular network throughout Ukraine. This is the first national roaming agreement between mobile operators in Ukraine. Golden Telecom LLC Ukraine is a division of Golden Telecom Inc. (NASDAQ: GLDN), which also operates a telecom business in Russia.

Former CEO Stewart P. Reich

References

Worked examples

Example 1 — a first encounter with Golden Telecom

Start with the simplest possible case. Write down what Golden Telecom claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Golden Telecom before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Golden Telecom ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Golden Telecom

In research: Golden Telecom appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Golden Telecom in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Golden Telecom is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1996 establishments in Russia, Commonwealth of Independent States, Internet in Ukraine, so understanding it makes those chapters shorter.
In everyday life: Look for Golden Telecom outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Golden Telecom in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Golden Telecom means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Golden Telecom out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Golden Telecom in simple terms?

Golden Telecom is an internet services provider in Russia and the Commonwealth of Independent States (CIS). It was acquired by VimpelCom in 2007.

Why does Golden Telecom matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Golden Telecom?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Golden Telecom.