Golden growth

18 Mar 2008

Russian wireline operator Golden Telecom has reported a 78% rise in net profit for 2007 to USD152.6 million. Revenues were up 51% at USD1.29 billion. Golden Telecom was recently acquired by sister company Vimpelcom, which is Russia’s second largest cellular operator. The deal was valued at USD4.3 billion.

Russia, Beeline (Russia), VEON