Golden Telecom does its prospecting for riches in the cities of Russia. The facilities-based telecom provider provides competitive local-exchange services in Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Krasnoyarsk, and other metropolitan areas over its fiber-optic and satellite-based network. It also provides data transmission and long-distance services. Golden Telecom primarily serves corporate customers and other fixed-line and wireless operators. A smaller portion of its operations cater to consumer Internet and mobile phone customers. Primarily active in Russia, the company also does business in the Ukraine. Golden Telecom is a subsidiary of one of Russia's leading wireless carriers, VimpelCom.