Altimo recruits Rosen

US diplomat Jack Rosen has joined the advisory board of Altimo, a London-based group that specialises in telecoms investments in emerging markets.

Altimo, a London-based telecoms investor with a focus on the emerging markets of Eastern Europe, has strengthened its international advisory board with the appointment of US statesman Jack Rosen.

Rosen, a long-time US diplomat with a special interest in trade, also has business interests in telecommunications, property, healthcare and cosmetics.

Altimo revealed the appointment as it reported its financial results for 2006. Chief executive Alexey Reznikovich said: “We are extremely pleased that someone of Jack’s international political and business experience has agreed to join our advisory board. We very much expect he will make an essential contribution to our international strategy of expanding into the emerging markets of Eurasia”.

Rosen, the chief executive of international real estate development firm Rosen Partners, has also had a long diplomatic career. He has previously acted as a state department delegate to the Organization of the American States, served on the New Jersey governor’s Commission on International Trade, and undertaken several Congressional Missions. He also chairs the American Jewish Congress and the Council for World Jewry.

Altimo began life as Russian private equity group Alfa Telecom, before re-branding and moving its international headquarters to London last year.

The company specialises in telecoms investments in Russia, Eastern Europe and the CIS. Its stakes include Russian mobile phone operators VimpelCom and MegaFon, Turkish mobile group Turkcell, and Sky Mobile, the largest mobile provider in Kyrgyzstan. It says its portfolio companies companies have 140 million mobile phone subscribers between them.