Golden Telecom’s Q3 performance solid

4 Nov 2005

Russia’s largest independent fixed line operator Golden Telecom has reported a 14.3% year-on-year rise in net income to USD18.4 million, on the back of an 11.2% rise in revenues to USD169.9 million. Golden Telecom finished September with 230,048 corporate customers, up from 173,490 three months earlier, and 385,374 dial-up internet subscribers. Its mobile business in the Ukraine had 50,379 customers at the end of the third quarter, down from 55,074.