VEON Ltd. (NASDAQ:VEON), a global digital operator and the parent company of Ukraine's leading digital operator Kyivstar Group Ltd. (NASDAQ:KYIV, KYIVW))), today announced that VEON and Kyivstar have fulfilled their 2023-2027 investment commitment to Ukraine ahead of schedule, exceeding the companies' USD 1 billion investment commitment by 30%.
Kyivstar's investments have focused on safeguarding and expanding Ukraine's connectivity backbone while enhancing resilience amid ongoing military conflict. These investments included the continued expansion and modernization of mobile coverage, the introduction of Starlink Mobile direct-to-device satellite connectivity, the accelerated deployment of high‑speed fixed-line connectivity through Kyivstar's network and significant investments in backup power and energy‑resilience solutions to maintain service continuity during disruptions.
In parallel, Kyivstar deployed capital to expand its digital ecosystem through strategic acquisitions. This included the acquisition of Uklon, Ukraine's leading ride‑hailing and delivery platform; Tabletki.ua, one of the country's most widely used digital healthcare platforms for finding, comparing and reserving medicines nationwide; and SUNVIN 11, a solar power company representing Kyivstar's first investment in renewable energy and a strategic step toward greater energy resilience. Together, these assets strengthen Kyivstar's position as a multi‑service digital operator while supporting Ukraine's broader digital and energy transformation.
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