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Golden Telecom to Launch Moscow’s First Wireless Mesh Network with Nortel Solution
Network Covers 3.9 Million Moscow Households
MAY 02, 2006
MOSCOW - Golden Telecom, Inc, a leading Russia-based service provider, is using wireless mesh network technology from Nortel to build Moscow's first wireless mesh network. Golden Telecom provides integrated communications and Internet service to major cities throughout Russia and countries within the Commonwealth of Independent States.
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The mesh network, consisting of 5,000 Nortel WiFi access points, expands Golden Telecom's broadband communication services to include universal indoor and outdoor wireless access to approximately 3.9 million households in Moscow. Golden Telecom plans to offer wireless broadband services that will be competitively priced and offer higher speed services than many other Internet access services currently available.
The network supports advanced wireless services such as VoIP, high-speed Internet services and location-based services packaged with the Aport Internet search engine. Location-based services provide relevant information such as maps, entertainment listings, or local amenities by automatically detecting a user's location.
Following tests of the network, which are expected to be complete in summer 2006, Golden Telecom will phase in subscriber access plans throughout Moscow.
"Golden Telecom's continuing and successful collaboration with Nortel in deploying advanced communications technologies is important to furthering the development of a competitive communications infrastructure in the Russian Federation," said Jean-Pierre Vandromme, CEO, Golden Telecom.
"Our common objective with Golden Telecom is to design and deploy the most cost-effective wireless mesh technology available in the industry today," said Sorin Lupu, president Nortel Eastern Europe. "Together with Golden Telecom, Nortel is helping speed the delivery of more secure, high-quality and cost-efficient communications services to end-users in Russia. Nortel's wireless mesh technology is being used in two of the world's largest mesh deployments - with Taipei City in Taiwan and now with Golden Telecom."
Nortel's Wireless Mesh Network solution uses wireless links - based on WiFi technology - to connect access for more secure, seamless access to wireless broadband services. Nortel's solution is designed to provide wireless LANs in areas where it is difficult or cost prohibitive to run cables, helping service providers like Golden Telecom avoid additional capital costs required to lay fixed lines to connect access points.
The new mesh network provides end-to-end security and seamless mobility of users across its coverage area. The high reliability and availability of the network is maintained through the self-recovery function of Nortel's mesh solution which restores connectivity in the event of an individual node or network failure.
The mesh network is connected to a city-wide carrier Ethernet network deployed by Nortel for Golden Telecom in November 2003. This network allows Golden Telecom to provide Ethernet VPN connectivity to enterprises in major business centers and customer locations throughout Moscow.
Nortel has designed, installed and launched more than 300 wireless networks in over 70 countries. Nortel was the industry's first supplier with wireless networks operating in all advanced radio technologies and is the only end-to-end provider of all next generation wireless solutions. Nortel's leadership in wireless data networks coupled with its enterprise strategy of delivering seamless voice, data, multimedia and converged IP-enabled solutions will allow businesses and consumers to enjoy a seamless, mobile broadband experience.
About Nortel
Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most critical information. Our next-generation technologies, for both service providers and enterprises, span access and core networks, support multimedia and business-critical applications, and help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people with information. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
Golden Telecom to start Moscow Wi-Fi network
MOSCOW, Jan 24 (Prime-Tass) -- US-registered telecommunications operator Golden Telecom plans to begin commercial operations of its Wi-Fi network in the Russian capital, Moscow, on February 1, the company said in a press release Wednesday.
Golden Telecom's network covers approximately 800,000 households in Moscow and consists of 6,700 access nodes, which makes it "the largest Wi-Fi network in Europe and the second largest in the world," the company said.
Golden Telecom started the final phase of its Wi-Fi network testing at the end of 2006. Since that time over 50,000 users have registered for the network, Golden Telecom said.
The company plans to offer various tariff plans for users, including unlimited monthly access for 500 rubles per month for speeds up to 54 megabits per second during the first stage of operations.
"By 2010, we expect to achieve a significant consumer market share, with approximately 300,000-400,000 subscribers," Golden Telecom's CEO Jean-Pierre Vandromme was quoted as saying in the press release.
U.S.-registered telecommunications operator Golden Telecom provides a wide range of telecommunications services in Russia and in the countries of the Commonwealth of Independent States (CIS).
(26.5240 rubles - U.S. $1)
I have friends in Saratov Russia, they told me they have almost tripled there money on GLDN since last summer. $20 to .53 since July 06. IMO Asia Telecom has some big suprises coming for shareholders. THIS THING ROCKS!
I think we will hit .02 tomorrow morning quickly, then a short pull back then we head north the rest of the day. We could see .05 tomorrow. It's going to be exciting.
With $72,000,000. projected revenue, the book value alone would be .205 per share with 350M shares. Times 10 equals $2.05 per share and times 20 equals $4.10 per share. This has got to be the most undervalued pink sheet stock I have ever seen. JMHO.
Wow Golden Telecom is huge.
http://www.goldentelecom.com/
26.01.2007
Golden Telecom signs $275 million syndicated loan facility to continue its broadband rollout and regional expansion and finance acquisitions of Corbina and Fortland
Moscow, Russia (January 26, 2007). Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), today announces that it has signed a $275 million five year syndicated loan facility with a consortium of international lenders.
Fifteen banks and financial institutions will participate in the syndication with Citibank N.A., London Branch and ING Bank N.V. acting as mandated lead arrangers. The issue was heavily oversubscribed, allowing the Company to increase the loan facility to $275 million from $200 million, as initially anticipated. The loan provides for an eighteen month commitment for utilization with quarterly repayments beginning twenty-four months after signing. The loan carriers interest at the London Inter-Bank Offered Rate (“LIBOR”) plus 1.5% per annum for the first twenty-four months and LIBOR plus 2% per annum thereafter.
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24.01.2007
Golden Telecom Launches Long Distance Services in Russia One Month after Obtaining its Access Codes. Rates from 10% to 65% Lower than Rostelecom’s
MOSCOW, Russia (January 24, 2007). Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), today announced that it will provide domestic long distance and international long distance services throughout Russia starting January 29, 2007, one month after the Company received its access codes.
On December 15, 2006, the Russian Ministry of Information Technologies and Communications issued access codes to Golden Telecom according to Resolution No.171 which was registered by the Ministry of Justice of the Russian Federation on December 28, 2006.
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24.01.2007
Golden Telecom Launches Commercial Operation of the Largest WiFi Network in Europe
MOSCOW, Russia (December 20, 2006) — Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), announced today that it has executed a binding Term Sheet with Dawn Key Limited, a company which owns 71.11% of shares of Inure Enterprises Ltd., Cyprus (“Inure”). Inure is jointly controlled by Mr. Alexander Mamut and Renova Capital and owns 99% of shares of ZAO Cortec. Under the Term Sheet, Golden Telecom will receive 51% ownership in ZAO Cortec together with its wholly-owned subsidiaries ZAO Investelektrosvyaz, ZAO Kabelstroy and other subsidiaries (jointly doing business as the Corbina Telecom Group) (“Corbina”) in exchange for an issue of 8% of Golden Telecom’s shares calculated on a post-acquisition basis and $10.0 million in cash. The transaction is subject to approval by the appropriate regulatory bodies in the United States and Russia, and execution and consummation of an ownership interest purchase agreement.
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19.01.2007
Golden Telecom Continues Consolidation of Regional Telecommunications Assets
Moscow, Russia (January 19, 2007). Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States (“CIS”), today announces that following its regional expansion strategy it has purchased the telecommunications assets and acquired two alternative operators in Yekaterinburg, Nizhny Novgorod, the fourth and the fifth largest cities in Russia, and Cheboksary, with a combined population of 3.0 million. The total purchase price consideration amounted to approximately $1.2 million.
_________________
World bank website, lots of info on Baku, Azerbaijan.
http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/ECAEXT/AZERBAIJANEXTN/0,,menuPK:301919~pagePK:141...
D. Strategic Goal 3: Improving Social Services and Infrastructure
16. The programs to improve delivery of utility, infrastructure and social services is reflected in the SPPRED. The PRSC together with our sector projects support the implementation in the following areas: (i) improving utility services for electricity, gas and water by developing tariff policies, a modern regulatory framework, and enforcing payment discipline; (ii) improving telecom and transport services through restructuring and enhanced competition; and, (iii) improving social services. The IDPs are supported by the World Bank’s social fund type project and other donor activities. The Oil Fund is the Government’s main financing source for IDP assistance, with US$47 million allocated in 2004 for housing and settlement projects for IDPs.
Simply 42 million ebitda divide by 350 million is .12 ( book value) 10 times book value (conservative) is $1.20 per share.
At least they are right up front with shareholders to update pink sheets the same day. Unlike other pinkies who lie about it. Maybe they have news just around the corner and felt it would justify the increase.
EW YORK, NY, Jan 19, 2007 (MARKET WIRE via COMTEX) -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce Q4-2006 results for its operating subsidiary in Azerbaijan.
The Company has increased the amount of traffic passing through its VoIP channels in Azerbaijan to 8,500,000 minutes per month. This traffic has translated into Q4-2006 revenues of approximately US$2,500,000.
The Company plans to increase VoIP traffic to 10,000,000 minutes per month by the end Q1-2007. This should lead to Annual revenues exceeding US$12,000,000 by the end of 2007.
CEO Ayaz Karimov stated, "These results position our company to become the second largest operator in the market for long-distance communication in Azerbaijan in terms of volume of incoming and outgoing VoIP traffic after Rostelecom."
NEW YORK, NY, Jan 08, 2007 (MARKET WIRE via COMTEX) -- Asia Telecom Ltd. (PINKSHEETS: ATLJ) is proud to announce that its operating subsidiary has completed a joint venture with BAK Telecom, the largest telecom company in Azerbaijan that provides calling cards for long distance.
It is estimated that the joint venture should see operating revenues of US $30,000,000 in the first year of operation.
About Asia Telecom Ltd.
Asia Telecom Ltd. intends to become a VoIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.
Who said it is at 350. It's 100 million and it's confirmed.
Who said there was dilution, this is not being diluted.
I don't think it is the company selling, it is people who bought in at .002 trying to lock in profits. These are the same people who will be chasing this when news hits. 100 million shares is very very small for a pink and with 12 million acutal reveune and 42 million projected for 2007 this stock will rock as soon as a we get a few more confirmations.
Our company is a legal operator to provide VoIP services in accordance to Contract №24 “About Traffic Termination to territory of Azerbaijan Republic”” signed on 10.26.2004 between our company and The Ministry of Communication and Information Technologies of Azerbaijan Republic. So we provide our parthners with stable and reliable services in Azerbaijan with 24/7 customer support.
We can offer the following prices for Azerbaijan:
Azerbaijan Baku 99412 - USD 0.1000 ASR 56.4%; ACD 6.9
Azerbaijan Mobile 9945 - USD 0.1450 ASR 85.6%; ACD 3.8
Azerbaijan ROC 994 - USD 0.1200 ASR 66.1%; ACD 4.9
FIBER-OPTIC LINK
CISCO AS5400
4 X E1
PDD 2 - 7 sec
Best regards,
Ayaz Karimov
http://www.calltermination.com/forums/thread6968.html
Internet in Azerbaijan Cheapest in CIS
BakuToday 12/01/2006 21:52
The price of the Internet in Baku is cheaper than elsewhere in the CIS, the chairman of the Azerbaijan Internet Society, Galib Gurbanov, told the “Internet in Azerbaijan: demise or development” news conference at the International Press Club Wednesday.
According to Gurbanov, while the price of the Internet in Baku is $0.15-0.40 per hour, the figure in Moscow is $0.90-1.20, in Kiev $0.15-0.40 and in Tbilisi $0.30-0.50. As for the price of monthly packages, it is $35-60 in Baku, $60 in Moscow, $400-500 in Astana, $30-60 in Kiev and $120 in Tbilisi. Gurbanov said there are 50,000 Internet users in Baku, 1,000,000 in Moscow, Astana and Kiev, and 100,000 in Tbilisi.
“In 2005, Internet providers reduced the tariffs by 40%,” the director of Oxygen Internet company, Ayaz Karimov, told the news conference. He said that starting from January 1, 2006, the Baku Telephone Communication Production Association had raised prices for those using broadband Internet (ADSL) eight times.
“If the tariffs of the Ministry of Communication and Information Technologies are lowered, then users will be able to pay less for the Internet,” Karimov added.
http://www.bakutoday.net/view.php?d=15713
#2 most active board, #4 most read, #2 most posted.
That's about what I lost 93% of my investment of 15k. We need to sue these crooks.
Good for you, my suggestion is if you can sell anytime soon for a small 20% profit, do it. IMO Ed is going to take this down to the basement.
If you have mozella, go to options and allow pop ups for ameritrade site, it worked for me.
I don't have pm ability but if you could pm me I would like to know more about the class action lawsuit.
They need to be stripped of their wealth, because it is our money they have stolen. IMO they will continue to dilute to .0001 then do another r/s.
I would like to see all of Ed's and Wayne's assets frozen and eventually distributed to all the shareholders that got sucked into his lies.
I got out of this pos last week at .0011. I bought at .018 turned 15k into $1100. Thanks to our buddy Ed. I think a class action lawsuit is appropriate for this schmuck.
Great news, lets see if Eddie boy uses this to dump another 100 million shares, time will tell.
Everyone was screaming we needed an update on the golf course, sale of the restaurants and status of uplisting. Well we got it today. We would all like the company to be more specific but how much more specific can they get. The facts are the golf course deal is still alive contrary to popular belief that it was dead, the restaurants are being sold and they are still working out the details of the uplisting. Nothing has changed for the worse since the stock was selling for .018. The company still has the same assets and more with the possibility of the golf course, he said they are working on other deals also. If and it is a big if, the share structure does not change much going into the new shell company and moving to the otcbb, with the assets the company has, the shareprice will rebound back to .015 to .025 once we get to the otcbb. If the o/s has been increased then that is a different story. IMO I still believe this stock is undervalued and should be trading at .01 or more. Hopefully all pending business deals are closed, we uplist soon and start acquiring more real estate assets. At least this penny stock has assets where others have nothing.
I just have a good feeling we will get some great news today. Maybe the golf course deal closed or that and maybe another acquisition and update on filing.
I noticed the news page of the website was upgraded.
http://www.ibaccorp.com/news.php
If it was Ed selling shares, it looks like he is finished. If so I smell news today. If it was retail selling it looks like they are done also. Either way I see a reversal in the trend.
It looks like the trading pattern has changed today, maybe we go up from here.
I'm just trying to be optomistic, hopefully he is watching his step nowdays, maybe he will do the right thing for shareholders maybe he won't, the silence is killing me.
It is exactly 30 days from the Sunday meeting on 12/17/06. The company expects the transaction to be ready to close within Thirty (30) days, at that time the company will announce the payment/dividend structure and provide the name and symbol of the new company.
I think we are due for news also.
Memphis hotel value $3,259,500. Equity $1,334,500. Royal Arkansas Property Value $ 2,158,350. Equity $558,350. Rosswood Country Club city appraisal $1,076,950. Equity $476,950. Total appraised value
$ 6,494,800. Total equity $ 2,369,800. If you add to that the value of the homes to be built around the golf course estimate 40 homes at $150,000., total value of homes $ 6,000,000. estimated total equity 30% of 6m $ 1,800,000., gives us total value of $12,494,800. and a total equity of $ 4,169,800.
Providing that the golf course deal goes through, 12m in assets does not warrant having a pps of .0015.
Maybe Ed is trying to do the right thing and not end up like fgfc, Ed if you are reading this, ungag the t/a or just put out in a pr what the current o/s are, submit the filing through fax or Fed x them to the sec.
If you add to that the value of 300 to 400 luxury homes surrounding the golf course, what would the value of the entire golf course package be?
Good work graphrix, can you also give us a value for the golf course?
So Memphis hotel value of $2,876,100 and restaurant $283,400. The value of the Royal Arkansas hotel $2,158,350. Total so far just with the hotels is $5,317,850. If you add the value of the golf course, providing that it is a done deal we could be well in excess of 6.5 to 7 million in value. Add to that the value of the other restaurants to be sold or spun off approx 5 million, we have almost 12 million in value. At a 10 times gross multiplier that is 1.2 million per year in revenue.
Why is this stock not at .02 or .03? Market maker short positions? Just people selling because they are tired of waiting, they don't trust Ed? Probably a combination of all.
IMO the last pr stated that they DID submit to the sec the filing for merging with the otcbb shell company, all we are waiting on now is for them to backtrack and file all past paper filings on electronic format.
If Ed would just pr the o/s and explain the 2 billion restricted a/s issued, then we could move. Hopefully he has changed from his past and is really going to make this ibcx a good investment for the current shareholders, including himself.
I think everyone who panic sold will be sorry. Look at that other company that hit a low of .001 today, they actually will probably get shut down. Here we have a company with real assets, going to the otcbb, also I another poster who has spoke to Ed reported the same thing that the os has not changed and about the 2 billion, according to the poster will not be an issue as ibcx moves into the new shell. The motel assets and the golf course and the homes that will be built surrounding it will have enough value to move us 3000% from here, once we get on the otcbb.
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
IBAC Corporation Filed its Application for Electronic Filing Status with the SEC
NEW YORK, Jan 05, 2007 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that it had filed its application for electronic filing status with the SEC, the SEC has rejected the application based on previous filings as they were "paper filings" the company is in the process of correcting this.
The SEC has informed the company that to be able to file reports electronically that it must have had filed previously via electronic filing, so the company now is in the process of "back tracking" per the SEC instructions to correct this situation.
"The company will correct this matter, so that we may file the appropriate (electronically) paperwork for its stated goals. The company intends to become a fully reporting and trading OTCBB company," stated Wayne Burmaster President IBAC Corporation.
IF THE COMPANY WAS UNDER INVESTIGATION THEY WOULD NOT BE ABLE TO PUT OUT A PRESS RELEASE LIKE THIS ONE. There has not been any news about such a thing, if there was they would be required to pr it. What is your agenda?
IMO people are getting impatient and selling, watch news come out today and we bounce back to .002 or .0023
I think anyone selling below .002 will be sorry. Just the value of the hotels and golf course make this a bargin. As I said weeks ago I am having a market analysis done on the hotels and the golf course and including the potential value of the build out of homes around the golf course and the person that is doing it said it is looking very good so far. When we do get uplisted as long as there are not billions of shares, this should bounce back up real good.
I'm running out of posts today, but ponder this, why would bendis put all his effort into this acquisition of 40% of tpdi Beijing if he felt the sec investigation of ssty would squash it, why would Li Ning and his China partners put their time and effort into this transaction if they felt it would be a waste of time and why would Jim and Mike waste their time on it if they felt the sec would not allow it. I think everything is now coming to a conclusion and a good conclusion for all concerned.
SSTY's president, Michael Cimino, added: "This restructuring completes the process where SSTY envisioned TPID as a totally independent concern controlling all aspects of the anti-counterfeiting business. With the acquisition of an interest in the JV, TPID is better positioned to deliver as envisioned, and SSTY, in addition to the royalties it may receive, will be able to shift its primary focus to Globe Staff Consulting and its tagging and tracking business and related companies."
Li Ning, the Chinese JV's CEO, remarked: "We believe that these developments bring together the best that the U.S. and China can offer to create the partnership needed to deliver China."
Richard Bendis, TPID's president, said: "As a result of these ongoing restructuring efforts, TPID's new management hopes to strengthen the corporate structure, management, and technical teams in both the U.S. and China needed to best perform contracts in China and elsewhere. TPID's new management believes that its ongoing restructuring efforts will help maximize shareholder value."