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Alexey Reznikovich - Founder and Managing Partner

Alexey Reznikovich is a successful international businessman and investor who has extensive TMT and digital expertise and industry connections, with more than 20 years’ experience in consulting, management and strategic business development, and has a strong track record in turning businesses around in the telecoms, technology and digital sectors and creating substantial value.

Mr. Reznikovich has led numerous projects in traditional telecom companies in Western Europe and CIS, completed more than 30 successful mergers and acquisitions, managed the restructuring of numerous telecom assets and made a significant number of investments in high-tech companies worldwide.

His most successful turnaround projects include VEON (formerly VimpelCom), Euroset, Megafon, Golden Telecom, Kyivstar and WIND Italy. He took part in investing and managing Turkcell, the largest Turkish mobile operator, FreedomPop, a telecom operator with an innovative and disruptive business model in the United States, as well as Uber, Qvantel and a number of other high-tech companies.

Career Highlights

Mr. Reznikovich started his career working for a number of international companies, including Procter & Gamble in Italy and Transworld in the United States. 

From 1993 to 2000, he worked in the global consulting company McKinsey & Co, becoming a partner in 1998. Starting in Milan, his career progressed in Paris, New York, London and Moscow.

In 2000, Mr. Reznikovich co-founded and managed Cafemax, a chain of internet café centres with an innovative approach and business model.


Mr. Reznikovich served as a member of the Board of Directors of PJSC VimpelCom from 2002 to 2010, holding the post of Chairman of the Supervisory Board from 2008 to 2010.  From 2010 to 2017, he was a member of the Board of Directors of VEON (formerly VimpelCom Ltd.), serving as Chairman from 2012 to 2017 and overseeing the company’s rebranding, restructuring and digital transformation.

From 2005 to 2014, Alexey Reznikovich was the CEO of Altimo, a holding company that was part of Alfa Group Consortium.  He was also a member of the Supervisory Board of Alfa Group Consortium between 2002 and 2015, with overall responsibility for business development and management supervision of the Group’s assets. During his time at Altimo, Mr. Reznikovich achieved significant international expansion and growth of the Group’s telecom assets: acquisition of mobile operators Kyivstar (Ukraine), Sky Mobile (Kyrgyzstan) and Golden Telecom, Inc. (fixed line operator in Russia and CIS) and subsequent merger with VimpelCom as well as the merger with WIND Telecom in Italy, Pakistan, Bangladesh and Algeria; this led to VimpelCom becoming one of the largest telecom operators in the world.

From 2014 to 2017, Mr. Reznikovich worked as the Managing Partner of L1 Technology, part of LetterOne Holdings, a private equity fund based in London, where he oversaw telecom assets, VEON and Turkcell, as well as managed investment projects in the telecom, high-tech and digital sectors. He successfully led and completed VEON’s strategic rebranding and introduction of its digital ecosystem in early 2017, transforming it from a traditional telecom operator to a new technological leader.


Mr. Reznikovich graduated from the Economics Faculty of the Moscow State University and received an MBA from Georgetown University in the United States and from INSEAD in France.


FT.com talks to Alexey Reznikovich about technology disrupters in telecom industry. By Daniel Thomas, Telecoms Correspondent April 5, 2015 VIEW

FT.com covers LetterOne Group’s focus on telecom and technology sectors.  By Daniel Thomas, Telecoms Correspondent April 5, 2015. VIEW

FT.com reports LetterOne’s investment in telecoms start-up FreedomPop.  By Nic Fildes, August 30,  2016. VIEW

Presentation by Alexey Reznikovich “Telecom Industry: Beyond Connectivity”. World Mobile Congress 2017. VIEW

Alexey Reznikovich speaks at the World Mobile Congress in 2017. Keynote 2: The Digital Economy.


Alexey Reznikovich speaks to CNBC about difficult transformation of VimpelCom from telco to tech.