Golden Telecom

Location:

Regional

Project number:

7814

Business sector:

Information and Communication Technologies

Notice type:

Private

Environmental category:

B

Target board date:

07 Sep 1999

Status:

Completed

PSD disclosed:

16 Aug 1999

Project Description

An equity investment in Golden Telecom Inc., a leading provider of integrated telecommunications services to businesses and other high-usage customers in Moscow, Kiev and other cities in the CIS.

As a cornerstone investor, the EBRD would support the development and successful listing of a leading alternative telecommunications operator in the CIS region providing local customers with competitive local exchange carrier (CLEC), broadband data, cellular and Internet services.

Transition Impact

The EBRD would also promote sustainable telecommunications network expansion, and foster the emergence of innovative and advanced services that are crucial for the overall competitiveness of businesses within the CIS region. The investment would help promote competition and stimulate customer choice in Ukraine, Russia and other CIS countries by facilitating the development of competitive local exchange carriers, data and long-distance operators, and mobile operators in those countries.

The Client

Golden Telecom is a leading facilities-based provider of integrated telecommunications services to businesses and other high-usage customers and telecommunications operators in Moscow, Kiev, St Petersburg and other cities in the CIS.

EBRD Finance

An equity investment in Golden Telecom as part of an Initial Public Offering on the NASDAQ market scheduled for completion in the fourth quarter of 1999.

Project Cost

Total offering size will depend on market demand.

Environmental Impact

The project has been classified as B/O. The analysis examined the environmental issues associated with construction and operations, public participation, nature protection, use and disposal of hazardous materials and obsolete equipment. Golden Telecom has all necessary permits required for operation of the project.

Technical Cooperation

None

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.