Golden Telecom to Launch Moscow's First Wireless Mesh Network With Nortel Solution

Moscow (ots/PRNewswire) -

- Network Covers 3.9 Million Moscow Households

Golden Telecom, Inc. (NASDAQ: GLDN), a leading Russia-based
service provider, is using wireless mesh network technology from
Nortel(x) (NYSE/TSX: NT) 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.

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 Jena-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 centres 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 recognised 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.

Certain statements in this press release may contain words such as
"could", "expects", "may", "anticipates", "believes", "intends",
"estimates", "plans", "envisions", "seeks" and other similar language
and are considered forward-looking statements or information under
applicable securities legislation. These statements are based on
Nortel's current expectations, estimates, forecasts and projections
about the operating environment, economies and markets in which
Nortel operates. These statements are subject to important
assumptions, risks and uncertainties, which are difficult to predict
and the actual outcome may be materially different. Although Nortel
believes expectations reflected in such forward-looking statements
are reasonable based upon certain assumptions, they may prove to be
inaccurate and consequently Nortel's actual results could differ
materially from its expectations set out in this press release.
Further, actual results or events could differ materially from those
contemplated in forward-looking statements as a result of the
following (i) risks and uncertainties relating to Nortel's
restatements and related matters including: Nortel's most recent
restatement and two previous restatements of its financial statements
and related events; the negative impact on Nortel and NNL of their
most recent restatement and delay in filing their financial
statements and related periodic reports (including the anticipated
delay in filing the Quarterly Reports on Form 10-Q for the first
quarter of 2006) causing them to breach their public debt indentures
and obligations under their credit facilities with the possibility
that the holders of their public debt or NNL's lenders would seek to
accelerate the maturity of that debt, and causing a breach of NNL's
support facility with EDC with the possibility that EDC would refuse
to issue additional support under the facility, terminate its
commitments under the facility or require NNL to cash collateralise
all existing support; legal judgments, fines, penalties or
settlements, or any substantial regulatory fines or other penalties
or sanctions, related to the ongoing regulatory and criminal
investigations of Nortel in the US and Canada; any significant
pending civil litigation actions not encompassed by Nortel's proposed
class action settlement; any substantial cash payment and/or
significant dilution of Nortel's existing equity positions resulting
from the finalisation and approval of its proposed class action
settlement, or if such proposed class action settlement is not
finalised, any larger settlements or awards of damages in respect of
such class actions; any unsuccessful remediation of Nortel's material
weaknesses in internal control over financial reporting resulting in
an inability to report Nortel's results of operations and financial
condition accurately and in a timely manner; the time required to
implement Nortel's remedial measures; Nortel's inability to access,
in its current form, its shelf registration filed with the United
States Securities and Exchange Commission (SEC), and Nortel's below
investment grade credit rating and any further adverse effect on its
credit rating due to Nortel's restatement of its financial
statements; any adverse affect on Nortel's business and market price
of its publicly traded securities arising from continuing negative
publicity related to Nortel's restatements; Nortel's potential
inability to attract or retain the personnel necessary to achieve its
business objectives; any breach by Nortel of the continued listing
requirements of the NYSE or TSX causing the NYSE and/or the TSX to
commence suspension or delisting procedures; any default in Nortel's
filing obligations extending beyond July 15, 2006 for the First
Quarter 2006 Form 10-Qs, causing any Canadian securities regulatory
authority to impose an order to cease all trading in Nortel's
securities within the applicable jurisdiction or to impose such an
order sooner if Nortel fails to comply with the alternate information
guidelines of such regulatory authorities; (ii) risks and
uncertainties relating to Nortel's business including: yearly and
quarterly fluctuations of Nortel's operating results; reduced demand
and pricing pressures for its products due to global economic
conditions, significant competition, competitive pricing practice,
cautious capital spending by customers, increased industry
consolidation, rapidly changing technologies, evolving industry
standards, frequent new product introductions and short product life
cycles, and other trends and industry characteristics affecting the
telecommunications industry; any material and adverse affects on
Nortel's performance if its expectations regarding market demand for
particular products prove to be wrong or because of certain barriers
in its efforts to expand internationally; any reduction in Nortel's
operating results and any related volatility in the market price of
its publicly traded securities arising from any decline in its gross
margin, or fluctuations in foreign currency exchange rates; any
negative developments associated with Nortel's supply contract and
contract manufacturing agreements including as a result of using a
sole supplier for key optical networking solutions components, and
any defects or errors in Nortel's current or planned products; any
negative impact to Nortel of its failure to achieve its business
transformation objectives; additional valuation allowances for all or
a portion of its deferred tax assets; Nortel's failure to protect its
intellectual property rights, or any adverse judgments or settlements
arising out of disputes regarding intellectual property; changes in
regulation of the Internet and/or other aspects of the industry;
Nortel's failure to successfully operate or integrate its strategic
acquisitions, or failure to consummate or succeed with its strategic
alliances; any negative effect of Nortel's failure to evolve
adequately its financial and managerial control and reporting systems
and processes, manage and grow its business, or create an effective
risk management strategy; and (iii) risks and uncertainties relating
to Nortel's liquidity, financing arrangements and capital including:
the impact of Nortel's most recent restatement and two previous
restatements of its financial statements; any acceleration under
their public debt indentures and credit facilities, which may result
in Nortel and NNL being unable to meet their respective payment
obligations; any inability of Nortel to manage cash flow fluctuations
to fund working capital requirements or achieve its business
objectives in a timely manner or obtain additional sources of
funding; high levels of debt, limitations on Nortel capitalising on
business opportunities because of credit facility covenants, or on
obtaining additional secured debt pursuant to the provisions of
indentures governing certain of Nortel's public debt issues and the
provisions of its credit facilities; any increase of restricted cash
requirements for Nortel if it is unable to secure alternative support
for obligations arising from certain normal course business
activities, or any inability of Nortel's subsidiaries to provide it
with sufficient funding; any negative effect to Nortel of the need to
make larger defined benefit plans contributions in the future or
exposure to customer credit risks or inability of customers to fulfil
payment obligations under customer financing arrangements; any
negative impact on Nortel's ability to make future acquisitions,
raise capital, issue debt and retain employees arising from stock
price volatility and further declines in the market price of Nortel's
publicly traded securities, or any future share consolidation
resulting in a lower total market capitalisation or adverse effect on
the liquidity of Nortel's common shares. For additional information
with respect to certain of these and other factors, see Nortel's
Annual Report on Form 10-K and other securities filings with the SEC.
Unless otherwise required by applicable securities laws, Nortel
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

(x) Nortel, the Nortel logo and the Globemark are trademarks of
Nortel Networks.

Use of the terms "partner" and "partnership" does not imply a
legal partnership between Nortel and any other party.

ots Originaltext: Nortel Networks
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Ben Roome, +44-1628-433-113, benroome@nortel.com