programme - CFO Insight

17 OCTOBER
On-Stage Interview I 2.30 p.m.-3.00 p.m.
Emerging Confidence in Emerging Markets
Alexey Kornya, CFO of Russian telecommunications provider MTS, is convinced that the financial turmoil of recent years, triggered in the United
States and prolonged by the euro zone crisis, has revealed a twisted perception of political and economic risk. Sound companies in emerging
markets with strong cash flows and balance sheets, low debt and good growth rates receive lower ratings, for example, than overleveraged and
ailing companies in developed markets. How does this affect funding opportunities and costs for companies in emerging markets? Does it undermine
the growth potentials of both countries and enterprises? Or are perceptions already rebalancing in a more appropriate direction?
SPEAKER
Alexey Kornya,
CFO,
Mobile TeleSystems,
Russia
Alexey Kornya has worked at Mobile TeleSystems
(MTS) since 2004. He was promoted to
Vice President for Finance and Investments
and CFO in 2008 and having served as chief financial
controller from 2006 until 2008. He graduated in
1998 from St. Petersburg University of Economics
and Finance.
MTS is the leading telecommunications group in
Russia, Eastern Europe and Central Asia, offering
mobile and fixed voice, broadband, pay TV as well
as content and entertainment services. The group
has over 100 million mobile subscribers, over 2 million
broadband Internet subscribers and about 3
million pay TV subscribers. Its revenues for the FY
2011 equalled for USD 12.3 billion. MTS is
listed at the New York Stock Exchange (NYSE) via
Level-3-ADRs.
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