VEON’s Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billion in Ukraine’s Economy
VEON's subsidiary Kyivstar has acquired new spectrum in Ukraine, investing UAH 1.43 billion (approximately USD 34 million). The acquisition includes 2x5 MHz in the 2100 MHz band and 40 MHz in the 2300 MHz band, increasing Kyivstar's total spectrum holding from 152 MHz to 202 MHz. This maintains its leading position among private operators in Ukraine. The investment is part of VEON's USD 1 billion commitment through 2027. Kyivstar currently serves over 23 million mobile subscribers, 1 million home internet subscribers, and provides digital healthcare services through Helsi to more than 28 million registered patients and 1,600 healthcare institutions.
La sussidiaria di VEON, Kyivstar, ha acquisito un nuovo spettro in Ucraina, investendo 1,43 miliardi di UAH (circa 34 milioni di USD). L'acquisizione include 2x5 MHz nella banda 2100 MHz e 40 MHz nella banda 2300 MHz, aumentando il totale delle detenute da Kyivstar da 152 MHz a 202 MHz. Questo mantiene la sua posizione di leader tra gli operatori privati in Ucraina. L'investimento fa parte dell'impegno di VEON di 1 miliardo di USD fino al 2027. Kyivstar attualmente serve oltre 23 milioni di abbonati mobili, 1 milione di abbonati a internet domestico e fornisce servizi di telemedicina tramite Helsi a più di 28 milioni di pazienti registrati e 1.600 istituzioni sanitarie.
La subsidiaria de VEON, Kyivstar, ha adquirido un nuevo espectro en Ucrania, invirtiendo 1.43 mil millones de UAH (aproximadamente 34 millones de USD). La adquisición incluye 2x5 MHz en la banda de 2100 MHz y 40 MHz en la banda de 2300 MHz, aumentando la tenencia total de espectro de Kyivstar de 152 MHz a 202 MHz. Esto mantiene su posición de liderazgo entre los operadores privados en Ucrania. La inversión es parte del compromiso de VEON de 1 mil millones de USD hasta 2027. Kyivstar actualmente sirve a más de 23 millones de suscriptores móviles, 1 millón de suscriptores de internet en casa, y proporciona servicios de salud digital a través de Helsi a más de 28 millones de pacientes registrados y 1,600 instituciones de salud.
VEON의 자회사 Kyivstar는 우크라이나에서 새로운 주파수를 획득하며 14억 3천만 UAH(약 3천400만 USD)를 투자했습니다. 이번 인수에는 2100MHz 대역에서 2x5MHz 및 2300MHz 대역에서 40MHz가 포함되어 있으며, Kyivstar의 전체 주파수 보유량이 152MHz에서 202MHz로 증가하였습니다. 이는 우크라이나의 민간 운영자들 사이에서 선두 위치를 유지하게 합니다. 이 투자는 VEON의 2027년까지 10억 달러 투자 약속의 일환입니다. Kyivstar는 현재 2천300만 명 이상의 이동통신 가입자, 100만 명의 가정 인터넷 가입자, 그리고 Helsi를 통해 2천800만 명 이상의 등록된 환자와 1,600개의 의료 기관에 디지털 건강 관리 서비스를 제공합니다.
La filiale de VEON, Kyivstar, a acquis un nouveau spectre en Ukraine, investissant 1,43 milliard UAH (environ 34 millions USD). L'acquisition comprend 2x5 MHz dans la bande de 2100 MHz et 40 MHz dans la bande de 2300 MHz, augmentant la détention totale de spectre de Kyivstar de 152 MHz à 202 MHz. Cela maintient sa position de leader parmi les opérateurs privés en Ukraine. L'investissement s'inscrit dans l'engagement de VEON de 1 milliard USD d'ici 2027. Kyivstar dessert actuellement plus de 23 millions d'abonnés mobiles, 1 million d'abonnés Internet résidentiels et fournit des services de santé numérique via Helsi à plus de 28 millions de patients enregistrés et 1 600 établissements de santé.
Die Tochtergesellschaft von VEON, Kyivstar, hat in der Ukraine ein neues Spektrum erworben und 1,43 Milliarden UAH (ca. 34 Millionen USD) investiert. Der Erwerb umfasst 2x5 MHz im 2100-MHz-Band und 40 MHz im 2300-MHz-Band, wodurch Kyivsars gesamte Spektrumsanteil von 152 MHz auf 202 MHz erhöht wird. Dies sichert seine führende Position unter den privaten Betreibern in der Ukraine. Die Investition ist Teil von VEONs Verpflichtung von 1 Milliarde USD bis 2027. Kyivstar bedient derzeit über 23 Millionen Mobilfunkkunden, 1 Million Festnetz-Internetkunden und bietet digitale Gesundheitsdienste über Helsi für mehr als 28 Millionen registrierte Patienten und 1.600 Gesundheitseinrichtungen an.
- Increased spectrum holdings from 152 MHz to 202 MHz, maintaining market leadership
- Large customer base with 23M+ mobile and 1M+ home internet subscribers
- Significant market presence in digital healthcare with 28M+ registered patients
- Part of larger USD 1 billion investment commitment through 2027
- Recognition as Ukraine's largest foreign investor in 2022-2023
- None.
Insights
This spectrum acquisition significantly strengthens Kyivstar's market position in Ukraine's telecommunications sector. The addition of 50 MHz of new spectrum (2x5 MHz in 2100 MHz band and 40 MHz in 2300 MHz band) expands their total holdings to 202 MHz, maintaining their spectrum leadership among private operators. The
The spectrum acquisition will enhance network capacity and coverage, particularly beneficial for 4G services. This infrastructure expansion aligns with their broader
This strategic move reinforces VEON's position as Ukraine's largest foreign investor. The investment carries particular significance given the current geopolitical context, signaling strong confidence in Ukraine's economic future. The expansion of digital infrastructure and services portfolio (mobile, internet, healthcare and entertainment) creates multiple revenue streams and strengthens market dominance.
The company's substantial subscriber base and growing digital ecosystem present compelling growth potential. The spectrum acquisition, representing a relatively modest capital outlay of
Amsterdam, Dubai and Kyiv, 20 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Group”), announces that its wholly-owned subsidiary in Ukraine, Kyivstar, has successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by Ukraine’s National Commission for State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCEC).
Kyivstar will invest UAH 1.43 billion (c. 34 million USD1) in the Ukrainian economy through this spectrum acquisition. With this new acquisition, Kyivstar will boost its total spectrum holding from 152 MHz to 202 MHz, enabling it to retain the leading position among all private operators in Ukraine in terms of total amount of available spectrum.
"We have consistently stated that the time to invest in Ukraine is now, and have committed 1 billion USD in investments through 2027. Today's spectrum acquisition is further proof that VEON, through its subsidiary Kyivstar, is here to walk the talk. We have an unwavering commitment to building Ukraine's digital infrastructure, taking 4G connectivity across the nation, bolstering our network’s energy resilience to keep Ukraine connected, and investing in the digital services that Ukraine needs," said VEON Group CEO Kaan Terzioglu.
Kyivstar is the
1 National Bank of Ukraine official exchange rated as at 19.11.2024: 41.3715 UAH/USD
About Kyivstar
Kyivstar is the largest telecoms operator in Ukraine with over 23 million mobile subscribers and over 1 million home internet subscribers. As Ukraine’s market-leading operator, the company maintained network availability above
About VEON
VEON is a global digital operator provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s commercial and investment plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
VEON
Hande Asik
Group Director of Communications
pr@veon.com
FAQ
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