Alexey Reznikovich has been Altimo’s CEO since June 2005. He has been a manager of Alfa Group since 2002, with total responsibility for management guidance and business growth of Altimo’s assets.
Alexey Reznikovich is also a representative of OAO VimpelCom; Trading House Smirnov, the Russian drinks company; A1 Team, a European investment company; Perekriostok Group, a Russian supermarket chain; and Russian Systems, a capital raising fund focusing on the growth of promising Russian technology.
He received his MBA from Georgetown University in america and INSEAD in France and graduated from your Economics Faculty of the Moscow State University.
From December 1998 to 2000, Alexey Reznikovich was a partner at McKinsey & Co. third, he founded EMAX, a new business venture to develop internet companies in Russia and was a director of EMAX and of CAFEMAX, an internet cafe chain, from February 2001.
Prior to his time at McKinsey, Alexey Reznikovich worked at Procter & Gamble in Italy and Transworld in the USA.
Mr Reznikovich – VimpelCom is one of the world’s largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies.
The world’s emerging markets, which number to some 5.3 billion individuals, account for more than half the world’s GDP. So with regard to scale, although not traditionally thought of as engines of growth only at that phase in the economic cycle, they have the potential to play a major contribution to a global economic recovery.
Alexey’s Role in the Emerging Telecoms Industry
Within these developing markets, the mobile telecoms sector is poised to play an essential role in their development. The business is unlike any other. It has shown extraordinary growth, with mobile subscriber numbers in developing countries climbing by 700% in the five years to 2007.
In emerging markets, complete subscriber amounts may strike 5 billion by 2014, up from 3.7 billion now, while the sixth edition of the Altimo Index, which evaluates the relative appeals for investors of the opportunities in over 50 markets, calls that mobile penetration in Africa will exceed 50% as soon as 2012.
This represents the unique characteristics of a sector which appears to have already been relatively unscathed by the global economic difficulties of the last two years. Structurally it has been following two strategies. In comparatively soaked markets that were sophisticated, operators have already been looking to give attention to data services while reducing churn and increasing ARPU. In markets that are developing the focus has been on the roll out of networks, the capture of market share and also organic growth.
Mr Reznikovich’s own experience confirms that investment in telecommunications is a fast and efficient method to give an impetus to economic development and to lessen the effects of the worldwide economic crisis. As an example, in accordance with US federal government experts, each dollar invested in broadband access development creates 10 dollars in return.
This approximation demonstrates the large scale deployment of broadband access networks worldwide, including Russia and emerging markets — where Russian companies also operate — can give an important boost to the GDP and create millions of jobs.
Technological advancements also lead to developments in affiliated industries, like manufacturing of mobile phones and telecommunications equipment. The ensuing added income of market players eventually means higher tax revenues for developing countries.
There are multiple impacts in these markets from the roll out of networks. There is the immediate impact of the large scale investment in physical infrastructure and its building, and there is the closely connected effect on the creation of businesses that are affiliated.
More widely, and particularly in economies where fixed line communications are either non-existent or hopelessly unreliable, mobile telephony provides a vital ability for the development and delivery of contemporary industrial practice. It enables remote connectivity increases efficiency and eases the decision making procedure that is fundamental to the more comprehensive economic development of the emergent markets.
Further to this, cellular technologies raise labour and production efficiency, allow for important changes in the healthcare and education systems and procedures of state and municipal services’ government, and offer the possibility of solving “digital divide” societal difficulties. For instance, over three quarters of the people in the CIS states currently lack high-quality and simple internet access.
Alexey says when it comes to employment, the wide selection of tasks having to be finished to support the creation of an effective cellular telecommunications network helps to ensure that jobs are given to individuals with a broad array of educational qualifications. In exactly the same time, the introduction of advanced foreign telecoms businesses to the economy brings a more extensive knowledge of professional employment practices, knowledge and abilities that possess a valuable spillover effect to the market of the host country.
Cellular telecoms markets are also unusually egalitarian in the way that their gains are spread throughout the host economy and in this regard differ from your distribution of wealth generated as a result of sectors which are on the basis of the exploitation of scarce and invaluable resources, which normally migrates to the small amount of owners of these resources.
In comparison mobile retail is one which has a proven background in markets elsewhere and a typical commodity retail version.
With low costs and service charges cellular telecoms can appeal within emerging economies to a lot of demographics and face a level of demand which is worldwide.
Telecoms companies focused on marketplaces that are new certainly will develop progressive process, production and promotion strategies to use this knowledge, through strategic partnerships, joint ventures and acquisition and possess a distinctive understanding of the features of their national markets.
Local economies will take advantage of the use of the competencies obtained, like innovation, brand development and technologies and applying them to the emerging domestic markets once acquisitions are made.
Mr. Reznikovich and Vimpelcom
Elected VimpelCom’s Chairman of the Board of Company directors
Moscow and New York (June 11, 2008) – Open Joint Stock Company “Vimpel-Communications” (“VimpelCom” or the “Company”) (NYSE: VIP), today announced that Alexey Reznikovich was chosen President of the Board of Directors at a webinar meeting of VimpelCom’s Board of Company directors conducted this morning. It was the very first webinar meeting of the new Board of Directors Elected at the annual general meeting of VimpelCom’s shareholders held in Moscow on June 9, 2008.
Mr. Reznikovich said “I am grateful to my friends for their trust and I look forward to dealing with my fellow Board players and VimpelCom’s administration to keep up VimpelCom’s long custom of excellent performance, strong corporate governance and making value for VimpelCom investors.”
Alexey Reznikovich has served as a Director of VimpelCom since May 2002. He was President of the Board of Company directors of Golden Telecom from May 2007 to February 2008. Since June 2005, Mr. Reznikovich has served as Chief Executive Officer of Altimo, which ended up being created in 2005 to manage the telecoms investments of Alfa Group. He has also served as a Director of Alfa Group since 2002. Before joining Alfa, Mr. Reznikovich founded “EMAX,” a business venture to develop internet centers in Russia, and was a member of the Boards of Directors of “EMAX” and “CAFEMAX,” an internet cafe chain, since February 2001. From 1998 through 2001, Mr. Reznikovich ended up being a partner at McKinsey & Co., and prior to that he worked at Procter & Gamble in Italy and Transworld in the U.S. Mr. Reznikovich graduated from the Economics Faculty of Moscow State University and received an MBA from Georgetown University in USA and INSEAD in France in 1993.
The VimpelCom Group is a telecommunications provider, delivering voice and data services, covered through a number of wireless, fixed and broadband technologies. The Group contains companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, in territories with a total population of about 250 million. VimpelCom ended up being the very first Russian company to list its shares on the New York Stock Exchange (“NYSE”). VimpelCom’s ADSs are listed on the NYSE under the symbol “VIP”.
Alexey Reznikovich – Managing Partner of LetterOne Technology
Alexey is currently the Managing Partner of LetterOne Technology, a subsidiary of the LetterOne holdings company. Currently operating from London in the UK, the business is actively seeking new investment opportunities around the world, focusing on the telecommunications and technology industries. By investing in struggling businesses and implementing modern and efficient techniques into ageing and failing businesses the company plans on building on its already impressive portfolio of mobile assets throughout the globe. As long-term and experienced investors, the business works with companies to help them realise their business aspirations and deliver sustained growth in an ever changing business environment.
A. Reznikovich’s role in the business as managing partner is to manage his team of experienced investors and ultimately control the direction the business grows in.
LetterOne Technology is currently aiming at three major areas for new business growth:
- Look to existing companies, where it can utilise its plethora of expertise gathered over 10 years to invest in emerging and developed markets and to increase value in current mobile telecoms companies and businesses working in the digital world.
- Look into technology businesses, including those that produce applications and emerging streaming software, where it can increase the value through its expertise and access to a huge amount of potential customers through its generous portfolio of international mobile assets.
- Look to target adjacencies in infrastructure, which give the potential to capitalise on similar forms of network infrastructure, such as signal towers and data centres.
L1 Technology’s will benefit new companies by offering their significant sector and market expertise. Their current customer base numbers nearly 300 million customers worldwide across multiple networks which will be available to any new acquisitions.