Kyivstar Group Ltd. (NASDAQ: KYIV) – Largest Telecommunications Operator in Ukraine | Company Profile
Kyivstar Group Ltd. is a Kyiv, Ukraine-headquartered telecommunications services enterprise. Its core businesses include mobile networks, fixed broadband, digital TV, and cloud solutions. As Ukraine’s largest mobile operator and broadband internet provider, its network covers over 28,000 rural settlements and major transportation routes nationwide, with significant advantages in digital transformation and local market share.
I. Company Overview
Kyivstar Group Ltd. (NASDAQ: KYIV) was founded in 1994 and headquartered in Kyiv, Ukraine. It is the largest telecommunications operator in Ukraine. As of December 2024, the company serves over 23 million mobile users and 1.1 million fixed-line and home internet customers, with a workforce spanning communications, technology, and customer service sectors.
Official Website: https://kyivstar.ua/
II. Main Business Segments
- Mobile Communications Services
- Provides 4G (LTE) network services covering all cities in Ukraine, over 28,000 rural settlements, and major transportation routes, supporting voice, data, and IoT applications.
- Fixed Broadband and Digital Services
- Offers high-speed internet access, digital TV (Kyivstar TV), and fixed-line telephone services for households and enterprises, including cloud solutions, big data analytics, and cybersecurity services.
- Enterprise and Government Communication Solutions
- Delivers customized data transmission, electronic document management (Star.Docs), and industry-specific communication solutions for commercial clients, serving government agencies and critical infrastructure sectors.
III. Technical and Business Advantages
- Market Leadership: Ukraine’s largest mobile operator and broadband provider, with over 40% mobile user share and leading broadband market position.
- Vast Network Coverage: Nationwide 4G network coverage, with 98% rural penetration supporting digital access in remote areas.
- Parent Company Empowerment: A subsidiary of NASDAQ-listed VEON Group, leveraging its global communications technology experience and a $1 billion investment plan (2023–2027) to accelerate 5G and cloud computing development.
- Social Responsibility and Brand Influence: Recognized for consecutive years as “Ukraine’s Best Employer” and “Largest Taxpayer in Communications,” strengthening local credibility through free communication services, charitable donations, and other initiatives during the Russia-Ukraine conflict.
IV. Development History
| Year | Key Events |
|---|---|
| 1994 | Founded and registered as PJSC Kyivstar; officially launched mobile services in 1997. |
| 2016 | Listed in Deloitte’s “Central and Eastern Europe 500” as one of 29 Ukrainian companies. |
| 2020 | Named “Ukraine’s Most Valuable Brand” and “Best Employer” by Korrespondent magazine; ranked first in communications sector tax payments. |
| 2022 | Launched free communication services, air-raid shelter Wi-Fi coverage, and military aid fundraising platforms during the Russia-Ukraine conflict; prepaid UAH 1.1 billion in taxes. |
| December 2023 | Suffered a large-scale cyberattack by Russia, causing nationwide communication outages and becoming one of the largest attacks on civilian communication systems. |
| March 2025 | Reached a merger agreement with VEON and Cohen Circle Acquisition, planning to list on NASDAQ (stock code: KYIV), with VEON holding at least 80% equity. |
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