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  <TITLE> Golden Telecom, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	May 17, 2007
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  	Golden Telecom, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-27423
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  	51-0391303
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	Rep. Office Golden TeleServices, Inc., 1 Kozhevnichesky Proezd, Moscow, Russia,
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  	115114
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(011-7-501) 797-9300
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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  On May 21, 2007, EDN Sovintel LLC, a wholly-owned subsudiary of Golden Telecom, Inc. ("GTI"), borrowed $180.0 million under the Term Facility Agreement, as amended and restated as of March 22, 2007, with banks, financial institutions and other institutional lenders listed therein ("Lenders"), Citibank, N.A. London Branch and ING Bank N.V. as mandated lead arrangers, and Citibank International plc as agent.  The amount borrowed is scheduled to be repaid in quarterly installments beginning twenty-four months from the date of the Term Facility Agreement and carries interest at the London Inter-Bank Offered Rate ("LIBOR") plus 1.5% per annum for the first twenty-four months and LIBOR plus 2.0% per annum thereafter.  This borrowing brings the total amount borrowed under the Term Facility Agreement to $255.0 million.
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  On May 17, 2007, at the Annual Meeting of Shareholders of GTI, an amendment to the 1999 Equity Participation Plan of Golden Telecom, Inc. (the "Plan") adding 1,000,000 shares to the Plan for future grants was approved.  Officers of GTI are eligible for grants of awards under the Plan.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Golden Telecom, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	May 22, 2007
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  	By:
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  <I>
  	/s/ Boris Svetlichny
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  <I>
  	Name: Boris Svetlichny
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  	Title: Senior Vice-President, Chief Financial Officer and Treasurer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_20461.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9785}]
metadata_filer: {"company-data": {"conformed-name": "GOLDEN TELECOM INC", "cik": "0001089874", "assigned-sic": "4812", "irs-number": "510391303", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27423", "film-number": "07870230"}, "business-address": {"street1": "1 KOZHEVNICHESKY PROEZD", "city": "MOSCOW", "state": "1Z", "zip": "115114", "phone": "7-095-797-9300"}, "mail-address": {"street1": "1 KOZHEVNICHESKY PROEZD", "city": "MOSCOW", "state": "1Z", "zip": "115114"}}
text: Golden Telecom, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  May 17, 2007
  Golden Telecom, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-27423
  51-0391303
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  Rep. Office Golden TeleServices, Inc., 1 Kozhevnichesky Proezd, Moscow, Russia,
  115114
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (011-7-501) 797-9300
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  On May 21, 2007, EDN Sovintel LLC, a wholly-owned subsudiary of Golden Telecom, Inc. ("GTI"), borrowed $180.0 million under the Term Facility Agreement, as amended and restated as of March 22, 2007, with banks, financial institutions and other institutional lenders listed therein ("Lenders"), Citibank, N.A. London Branch and ING Bank N.V. as mandated lead arrangers, and Citibank International plc as agent.  The amount borrowed is scheduled to be repaid in quarterly installments beginning twenty-four months from the date of the Term Facility Agreement and carries interest at the London Inter-Bank Offered Rate ("LIBOR") plus 1.5% per annum for the first twenty-four months and LIBOR plus 2.0% per annum thereafter.  This borrowing brings the total amount borrowed under the Term Facility Agreement to $255.0 million.
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On May 17, 2007, at the Annual Meeting of Shareholders of GTI, an amendment to the 1999 Equity Participation Plan of Golden Telecom, Inc. (the "Plan") adding 1,000,000 shares to the Plan for future grants was approved.  Officers of GTI are eligible for grants of awards under the Plan.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Golden Telecom, Inc.
  May 22, 2007
  By:
  /s/ Boris Svetlichny
  Name: Boris Svetlichny
  Title: Senior Vice-President, Chief Financial Officer and Treasurer