The Information Technology 100
In Russia, everyone has heard of Beeline, the brand name of its No. 2 mobile-phone operator, VimpelCom, which has grown into a blue chip since its 1992 founding. In 1996, VimpelCom became the first Russian company to list on the New York Stock Exchange, where it trades as American Depositary Shares (ADSs). As of June, 2005, the company boasted 33 million subscribers and a 33% share of Russia's mushrooming cell-phone market.
Not everything has been rosy, however. Over the past year, VimpelCom has been hit with legal and regulatory disputes, some involving tensions between two core shareholders -- Telenor from Norway and Russia's Alfa Group -- concerning the telecom player's strategy in the Ukraine. Yet these problems haven't hindered the company's phenomenal growth: Revenues shot up 62% in 2004.
|Return on Equity||16.2%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Vimpel-Communications provides wireless communication services in Russia under the Bee Line GSM brand name. It offers various wireless services to its subscribers, which include voice telephony service; value added services using short messaging services, unstructured supplementary services data, wireless application protocol, global packet radio services, and multimedia messaging technologies; interconnections with other networks; and access to both national and international roaming service. As of December 31, 2003, it had approximately 11.4 million subscribers on wireless networks. The company was registered in the Russian Federation in September 1992 as a closed joint stock company and reregistered as an open joint stock company in July 1993. Vimpel has its head office in Moscow.
No. of Employees
Alexander Izosimov has been Chief Executive Officer and General Director of Vimpel Communications since October 1, 2003. Mr. Izosimov, a Russian national, has held several senior positions at Mars Inc., a global consumer goods company. Prior to joining Mars, Inc. in 1996, Mr. Izosimov worked for McKinsey & Co in Stockholm and London for five years, where he focused on sales and marketing issues as well as cost optimization. Mr. Izosimov graduated from the Moscow Aviation Institute with a Master of Science degree in 1987 and holds an MBA degree from INSEAD.