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    <td align="left" valign="top" height="107"><img src="images/headmain10.gif" width="430" height="95" alt="PM Global Infrastructure, Inc. "></td>
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      <h1>MIHKEL SERGO, MANAGING DIRECTOR</h1>
      <p>Mr. Sergo is a seasoned finance professional with extensive experience 
        in the telecommunication and energy sectors. His major strengths lie in 
        technical, economic, legal and financial analysis. In addition he is skilled 
        in negotiating, preparing and appraising projects, as well as project 
        supervision and procurement.� Mr. Sergo has held senior management positions 
        in major private telecom companies in South America and while at the World 
        Bank, he established an enviable track record in the preparation and appraisal 
        of telecommunications projects and in the design of policy reforms and 
        sector restructuring strategies for developing countries.&nbsp; </p>
      <h1>EDUCATION</h1>
      <p>Mr. Sergo holds MBA from the Stockholm School of Economics with emphasis 
        on quantitative methods and operations research.&nbsp; In addition, he 
        has completed extensive studies in administration, finance, economics 
        and law.</p>
      <h1>PROFESSIONAL EXPERIENCE</h1>
      <p>Mr. Sergo's experience literally spans the globe:&nbsp; He has worked 
        on telecommunications and petroleum operations in some 30 countries in 
        Latin America, Africa, Middle East, Eastern Europe and South and East 
        Asia.</p>
      <p>As Managing Director and Co-Founder of PM Global Infrastructure Inc. 
        Mr.Sergo is the senior partner managing assignments in telecom and energy, 
        and serves as the senior financial analyst for other projects. Recently, 
        he has provided advice to the World Bank on telecom sector reforms in 
        Pakistan and Sri Lanka.&nbsp; He has also carried out a pre-feasibility 
        study of a mobile telephone system in Bangladesh on behalf of a private 
        client and is creating innovative programs for adopting new approaches 
        for other private clients in this sector.</p>
      <p><b>THE WORLD BANK&nbsp; </b></p>
      <p>In the decades between 1977 and 1997, Mr, Sergo held executive positions 
        at the World Bank, serving as Senior Financial Analyst and Task Manager 
        for telecommunciations, energy and infrastructure projects throughout 
        the world. </p>
      <p>He managed telecom operations in Bangladesh, Indonesia, Myanmar, Nepal, 
        Pakistan, Philippines, Sri Lanka and Thailand and energy projects in Europe 
        and in many countries in Asia and the Middle East and represented the 
        World Bank at ITU meetings in Buenos Aires, Singapore and Geneva.</p>
      <p>A major focus of Mr. Sergo's work was in sector reform and restructuring 
        aimed at expanding the role of private operators. His achievements in 
        this field can best be illustrated by the succession of three projects 
        that he prepared, appraised and supervised in Sri Lanka.&nbsp; The two 
        first projects were financed primarily by public sector investments, but 
        helped to liberalize the mobile phone and value added services and to 
        transform the government-owned operator into an independent corporation.&nbsp; 
        In 1995, Mr. Sergo undertook a review of the effects of the reforms and 
        outlined a blueprint for further liberalization.&nbsp; Discussions with 
        the Government of Sri Lanka led to agreement on further liberalization 
        of the telecom sector, strengthening of the legal and regulatory arrangements 
        and privatization of the state owned Sri Lanka Telecom Corporation (SLT).&nbsp; 
        These reforms were supported through a new project that has become a model 
        for a new generation of World Bank telecom sector operations.&nbsp; </p>
      <p>Mr. Sergo also managed telecom operations in Colombia, El Salvador, Fiji, 
        Guatemala, Iraq, Kenya, Somalia, Uruguay, Venezuela, Yugoslavia and Zambia.&nbsp; 
        Especially noteworthy was his advice to the Kenyan Government regarding 
        the allocation of telecom assets and liabilities and related legal issues 
        following the break-up of the East African Union.</p>
      <p>In the energy sector, Mr. Sergo has worked on the preparation, appraisal 
        and supervision of refinery projects in Bangladesh, Pakistan and Thailand; 
        on gas development, petroleum and pipeline projects in Bangladesh, India, 
        Indonesia, Korea, Myanmar, Egypt, Hungary and Syria.</p>
      <p>Mr. Sergo's expertise has been acknowledged by the World Bank in the 
        form of two &quot;awards of excellence&quot; for portfolio management 
        and project supervision: one for a natural gas project in Indonesia; the 
        other for an airport improvement project in the Maldives.�� </p>
      <p><b>THE ERICSSON GROUP</b></p>
      <p>Mr. Sergo's expertise in financial analysis and management is exemplified 
        in his work with The Ericsson Group where he rose from a position of Financial 
        Analyst for the company's cable manufacturing plant in Argentina, to Finance 
        Manager for two telephone operating companies in Argentina to Managing 
        Director and CEO for Cia, Ericsson S.A.C.I., the group�s sales company 
        in Argentina. During that time, Mr. Sergo also had� overall responsibility 
        for the finances of all four of the group�s companies in Argentina.&nbsp; 
        In this position he initiated Ericsson�s manufacturing of telephones in 
        Argentina as well as the company�s exports to Chile and Uruguay.</p>
      <p>&nbsp;</p>
      <p>A detailed CV is available upon request from PM Global.</p>
      <p>&nbsp;</p>
<p><a href="team.htm">back to consulting team</a></p>
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      <h6 align="center"><font face="Verdana, Arial, Helvetica, sans-serif" size="1">PM 
        Global Infrastructure, Inc.<br>
        1915 Eye Streeet, NW, Suite 700 &#149; Washington, DC 20006 &#149; USA<br>
        Phone: 202-463-6188 &#149; Fax: 202-223-0177<br>
        <a href="mailto:[email protected]">[email protected]</a></font></h6>
      <p align="center"><font face="Verdana, Arial, Helvetica, sans-serif" size="1">&copy; 
        2001 PM Global Infrastructure, Inc. All rights reserved.<br>
        Web design by <a href="http://www.gatewayone.com/wordcrafters">Wordcrafters.</a></font></p>
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