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                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

                                NOVEMBER 4, 2003

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

                              GOLDEN TELECOM, INC.

             (Exact name of registrant as specified in its charter)


                                              
        DELAWARE                   0-27423                     51-0391303
(State of incorporation)  (Commission File Number)  (IRS Employer Identification No.)


                 REPRESENTATION OFFICE GOLDEN TELESERVICES, INC.
                       1 KOZHEVNICHESKY PROEZD, 2ND. FLOOR
                              MOSCOW, RUSSIA 115114
                     (Address of principal executive office)

                              (011-7-501) 797-9300
              (Registrant's telephone number, including area code)


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Item 5.  Other Events.

     On November 4, 2003, Golden Telecom, Inc. (the "Company") announced via a
press release that the Company has held preliminary negotiations with the
shareholders of Hudson Telecom, Inc. regarding the possible acquisition of
Hudson Telecom, Inc. The Company's press release announcing such matter is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     Statements made in the attached press release are forward looking and are
made pursuant to the safe harbor provisions of the Securities Litigation Reform
Act of 1995. It is important to note that such statements involve risks and
uncertainties, which may cause outcomes to differ materially from those set
forth in these statements. Such risks and uncertainties include, but are not
limited to and the ability to successfully complete any transaction and the
possible problems that could arise from the integration of any acquisition.
Additional information concerning factors that could cause results to differ
materially from those in the forward looking statements is contained in the
Company's filings with the U.S. Securities and Exchange Commission including the
Company's periodic reports on Form 8-K filed during 2003, the Company's annual
report on Form 10-K for the year ended December 31, 2002, and the Company's
quarterly report on Form 10-Q for the period ended March 31, 2003 and June 20,
2003.

Item 7.  Financial Statements and Exhibits.




 DESIGNATION        DESCRIPTION
 -----------        -----------
                 
     99.1           Press release dated November 4, 2003 announcing GTI has held
                    preliminary discussions with shareholders of Hudson Telecom,
                    Inc. over the possible acquisition of Hudson Telecom, Inc.








                                   SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                        GOLDEN TELECOM, INC.
                                        (Registrant)

                                        By:   /s/ ALEXANDER VINOGRADOV
                                              -------------------------
                                        Name: Alexander Vinogradov
                                        Title: Chief Executive Officer,
                                               President and Director
                                               (Principal Executive Officer)


Date:  November 4, 2003






                                 EXHIBIT INDEX




 DESIGNATION        DESCRIPTION
 -----------        -----------
                 
     99.1           Press release dated November 4, 2003 announcing GTI has held
                    preliminary discussions with shareholders of Hudson Telecom,
                    Inc. over the possible acquisition of Hudson Telecom, Inc.