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Contents Содержание ВымпелКом / Годовой отчет 2007 2 Company Profile 6 Financial Highlights 12 Letter to Shareholders 16 Strategy Driving Our Future 18 Extensive Growth of the Russian Economy: Our Past, Present and Future 20 Strong Driver for Future Growth: CIS Development 23 Our Credo: Innovation and Creativity 24 The Legacy of VimpelCom Founders’ Pioneering Spirit 26 Board of Directors 28 Management Team 31 Corporate Information 33 Financial Information 3 Информация о Компании 7 Основные финансовые показатели 12 Письмо к акционерам 16 Стратегия, определяющая наше будущее 19 Бурный рост экономики России: наше прошлое, настоящее и будущее 20 Бизнес в СНГ – важный компонент нашего будущего роста 23 Наше кредо: инновации и креативность 25 Традиции «ВымпелКома»: новаторский дух учредителей 26 Совет директоров 28 Старший менеджмент 31 Корпоративная информация 33 Финансовая информация 1
2 VimpelCom / Annual Report 2007 Company Profile Информация о компании The VimpelCom Group is a telecommunications operator providing voice and data services through a range of wireless, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Armenia and Georgia, in territories with a total population of about 250 million. On February 28, 2008, we completed the acquisition of 100% of the outstanding shares of Golden Telecom, Inc.*, a leading facilities-based provider of broadband integrated telecommunications, and Internet services in major population centers throughout Russia and other countries of the CIS. With the acquisition of Golden Telecom, we plan to transform VimpelCom into a truly integrated telecommunications provider in Russia and the CIS. In 1996, VimpelCom made history by becoming the first Russian company since 1903 to list its shares on the New York Stock Exchange («NYSE»). VimpelCom’s ADSs are listed on the NYSE under the symbol «VIP». Consumers throughout Russia and the CIS are familiar with VimpelCom’s «Beeline» brand, which is one of the most recognized brand names in Russia and the CIS. Since 2005, the Beeline trademark each year topped the rankings of the most valuable Russian brands, as compiled by the international consulting company Interbrand Zintzmeyer Lux AG in partnership with Business Week. In 2007, the value of the Beeline brand was estimated at $7.2 billion**. As of December 31, 2007, VimpelCom served approximately 51.7 million active subscribers, including 42.2 million in Russia. The Company’s remaining subscriber base was distributed as follows: approximately 4.6 million subscribers in Kazakhstan, 1.9 million in Ukraine, 2.1 million in Uzbekistan, 442,000 in Armenia, 340,000 in Tajikistan and 73,000 in Georgia. In addition, the Company served approximately 629,000 fixed-line subscribers in Armenia. VimpelCom has always been a pioneer in wireless telecommunications in Russia, and it continues to be a market leader in product innovation. VimpelCom was the first Russian company to introduce commercial EDGE (Enhanced Data Rates for Global Evolution), providing data speeds of up to 200 kb/sec, GPRS (General Packet Radio Services) and MMS (Multimedia Messaging Services) technologies. VimpelCom continues to maintain its leading position in providing roaming services. As of December 31, 2007, VimpelCom had active roaming agreements with 589 GSM networks in 202 countries and provided GPRS roaming with * As our acquisition of Golden Telecom took place in 2008, the financial and operating data presented in this Annual Report for the years 2005 through 2007 does not reflect Golden Telecom results for those years. ** Brands valued in Russian rubles; figures here presented at exchange rates on the dates of the ratings. 322 networks in 130 countries. According to J’son and Partners research, as of December 2007 VimpelCom was the global leader in roaming in terms of number of roaming partners. Since its listing on the NYSE, VimpelCom has been recognized on numerous occasions by independent analysts, agencies and professional organizations as a Russian leader in transparency and corporate governance – categories which are essential to the Company’s core values. During the last three years Institutional Investor Magazine has named VimpelCom’s CEO Alexander Izosimov the Best Russian Business Leader in Telecommunications. The Independent Directors Association of Russia has recognized two of our directors: David Haines as the Chairman of the Year for 2006 and Jo Lunder as Independent Director of the Year in 2007. IR Magazine also awarded VimpelCom the «Best Investor Relations by a Russian Company» award for the fifth consecutive year in 2007. Being a responsible corporate citizen, VimpelCom participates in programs aimed to improve quality of life. We offer educational support for children and youth to reach their full potential, providing Internet access for schools located in remote areas and offering internships to students from Russian universities. The Company’s Charity Committee also focuses on assisting World War II veterans, pensioners, the disabled and orphans. We also promote socially responsible use of mobile phones through our «Mobile Etiquette» initiative. For more information on VimpelCom please visit our website at www.vimpelcom.com.
Page 4 and 5: Группа компаний «В
Page 6 and 7: ВымпелКом / Годовой
Page 8 and 9: ОСНОВНЫЕ ФИНАНСОВЫ
Page 10 and 11: Статистические дан
Page 12 and 13: 37,999,483 TOTAL ACTIVE SUBSCRIBERS
Page 14 and 15: Alexander Izosimov Chief Executive
Page 16 and 17: VimpelCom’s major corporate devel
Page 18 and 19: - Extract maximum value from the Ru
Page 20 and 21: «ВымпелКом» - стрем
Page 24 and 25: Our Credo: Innovation and Creativit
Page 28 and 29: Jo Lunder Chief Executive Officer,
Page 30 and 31: Vladimir A. Filippov Vice President
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