VEON’s Kyivstar Receives Further Recognition as Top International Investor in Ukraine
VEON 's subsidiary Kyivstar has been recognized as the fifth largest private sector investor in Ukraine for 2022-2023 by New Voice of Ukraine. This follows a similar ranking by Forbes Ukraine, solidifying VEON's position as the top international investor in the country. Kyivstar's investments totaled UAH 13.4 billion (approximately USD 326 million), focusing on:
1. Expanding 4G coverage to 95.5% of Ukrainian-controlled territory
2. Building 5,600 new 4G base stations and upgrading 15,000 from 3G to 4G
3. Investing UAH 1.4 billion in network energy resilience
4. Acquiring a controlling stake in Helsi, Ukraine's leading digital healthcare platform
5. Donating UAH 1.8 billion to social causes since 2022
VEON has committed to a USD 1 billion investment in Ukraine's future, aiming to provide state-of-the-art connectivity and expand essential digital services.
La sussidiaria di VEON, Kyivstar, è stata riconosciuta come il quinto maggiore investitore privato in Ucraina per il 2022-2023 da New Voice of Ukraine. Questo seguito a un ranking simile da Forbes Ukraine, consolidando la posizione di VEON come principale investitore internazionale nel paese. Gli investimenti di Kyivstar hanno totalizzato 13,4 miliardi di UAH (circa 326 milioni di USD), concentrandosi su:
1. Espansione della copertura 4G al 95,5% del territorio controllato dall'Ucraina
2. Costruzione di 5.600 nuove stazioni di base 4G e aggiornamento di 15.000 da 3G a 4G
3. Investimento di 1,4 miliardi di UAH nella resilienza energetica della rete
4. Acquisizione di una partecipazione di controllo in Helsi, la principale piattaforma di salute digitale dell'Ucraina
5. Donazione di 1,8 miliardi di UAH a cause sociali dal 2022
VEON si è impegnata a un investimento di 1 miliardo di USD nel futuro dell'Ucraina, puntando a fornire connettività all'avanguardia ed espandere servizi digitali essenziali.
La subsidiaria de VEON, Kyivstar, ha sido reconocida como el quinto mayor inversor del sector privado en Ucrania para 2022-2023 por New Voice of Ukraine. Esto sigue a un ranking similar de Forbes Ucrania, consolidando la posición de VEON como el principal inversor internacional en el país. Las inversiones de Kyivstar totalizaron 13.4 mil millones de UAH (aproximadamente 326 millones de USD), centradas en:
1. Expandir la cobertura 4G al 95.5% del territorio controlado por Ucrania
2. Construir 5,600 nuevas estaciones base 4G y actualizar 15,000 de 3G a 4G
3. Invertir 1.4 mil millones de UAH en la resiliencia energética de la red
4. Adquirir una participación de control en Helsi, la principal plataforma de atención médica digital de Ucrania
5. Donar 1.8 mil millones de UAH a causas sociales desde 2022
VEON se ha comprometido a una inversión de 1 mil millones de USD en el futuro de Ucrania, con el objetivo de proporcionar conectividad de última generación y expandir servicios digitales esenciales.
VEON의 자회사인 Kyivstar가 2022-2023년 동안 우크라이나에서 다섯 번째로 큰 민간 부문 투자자로 인정받았습니다. 이는 Forbes Ukraine의 유사한 순위에 따른 것으로, VEON의 주요 국제 투자자로서의 위치를 확고히 해줍니다. Kyivstar의 총 투자액은 13.4억 UAH (약 3억 2600만 달러)에 달하며, 주요 분야는 다음과 같습니다:
1. 우크라이나가 통제하는 지역의 4G 커버리지를 95.5%로 확장
2. 5,600개의 새로운 4G 기지국을 구축하고 15,000개의 3G 기지국을 4G로 업그레이드
3. 네트워크 에너지 복원력을 위해 1.4억 UAH 투자
4. 우크라이나 최고의 디지털 의료 플랫폼 Helsi 지배 지분 확보
5. 2022년 이후 사회적 원인에 1.8억 UAH 기부
VEON은 우크라이나의 미래를 위해 10억 달러 투자를 약속했으며, 최첨단 연결성을 제공하고 필수 디지털 서비스 확장을 목표로 하고 있습니다.
La filiale de VEON, Kyivstar, a été reconnue comme le cinquième plus grand investisseur du secteur privé en Ukraine pour 2022-2023 par New Voice of Ukraine. Cela fait suite à un classement similaire de Forbes Ukraine, renforçant la position de VEON en tant que principal investisseur international du pays. Les investissements de Kyivstar ont totalisé 13,4 milliards de UAH (environ 326 millions de USD), se concentrant sur :
1. L'expansion de la couverture 4G à 95,5 % du territoire contrôlé par l'Ukraine
2. La construction de 5 600 nouvelles stations de base 4G et la mise à niveau de 15 000 stations de 3G à 4G
3. Un investissement de 1,4 milliard de UAH dans la résilience énergétique du réseau
4. L'acquisition d'une participation de contrôle dans Helsi, la principale plateforme de santé numérique d'Ukraine
5. Des dons de 1,8 milliard de UAH pour des causes sociales depuis 2022
VEON s'est engagé à investir 1 milliard de USD dans l'avenir de l'Ukraine, visant à fournir une connectivité de pointe et à étendre des services numériques essentiels.
Die Tochtergesellschaft von VEON, Kyivstar, wurde von New Voice of Ukraine als der fünftgrößte private Investitor in der Ukraine für 2022-2023 anerkannt. Dies folgt einer ähnlichen Rangliste von Forbes Ukraine, die die Position von VEON als führenden internationalen Investor im Land festigt. Die Investitionen von Kyivstar beliefen sich auf insgesamt 13,4 Milliarden UAH (etwa 326 Millionen USD) und konzentrierten sich auf:
1. Erweiterung der 4G-Abdeckung auf 95,5% der von der Ukraine kontrollierten Gebiete
2. Bau von 5.600 neuen 4G-Basisstationen und Aufrüstung von 15.000 von 3G auf 4G
3. Investition von 1,4 Milliarden UAH in die Resilienz der Netzenergie
4. Erwerb einer Kontrollbeteiligung an Helsi, der führenden digitalen Gesundheitsplattform der Ukraine
5. Spenden von 1,8 Milliarden UAH für soziale Zwecke seit 2022
VEON hat sich verpflichtet, in die Zukunft der Ukraine 1 Milliarde USD zu investieren, um moderne Konnektivität bereitzustellen und wichtige digitale Dienstleistungen auszubauen.
- Recognized as the fifth largest private sector investor in Ukraine for 2022-2023
- Invested UAH 13.4 billion (USD 326 million) in capital expenditure
- Expanded 4G coverage to 95.5% of Ukrainian-controlled territory
- Built 5,600 new 4G base stations and upgraded 15,000 from 3G to 4G
- Invested UAH 1.4 billion in network energy resilience
- Acquired controlling stake in Helsi, leading digital healthcare platform with 28 million registered users
- Committed USD 1 billion in future investments for Ukraine
- Donated UAH 1.8 billion to social causes since 2022
- None.
Amsterdam and Kyiv, 9 September 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, is pleased to share that its
“We are proud to invest in the future of Ukraine and honoured to see our efforts recognised by the country’s most prominent publications. Our commitment to the country remains ironclad: We have committed USD 1 billion in investments, which will not only provide state-of-the art connectivity, but also the expansion of digital services that are essential for the future resilience of the country.” said Kaan Terzioglu, VEON Group CEO.
The New Voice of Ukraine ratings looked at capital expenditures by private companies in 2022 and 2023. Kyivstar was ranked as the 5th largest private sector investor overall and the leader in the telecommunications industry, with UAH 13.4 billion in capital expenditure and investments (approximately USD 326 million in the Group’s reporting currency), making its
Kyivstar’s efforts have focused on expanding its 4G coverage, ensuring network availability and energy resilience, and enabling digital services. As part of its investment programme, Kyivstar has built 5,600 new 4G base stations since 2022, with a further 15,000 cellular base stations upgraded from 3G to 4G. This has resulted in more than 4,000 new communities being connected to 4G coverage, bringing the share of Ukrainian controlled territory that has access to Kyivstar 4G to
Since 2022, Kyivstar has also invested more than UAH 1.4 billion to improve the energy redundancy of its network, supporting continued connectivity for Ukrainians through the attacks on the country’s power infrastructure. The operator recently launched the 2nd phase of its energy resilience investments.
In addition to these, Kyivstar also invests in Ukraine’s digital landscape. In August 2022, it acquired a controlling stake in Helsi, Ukraine’s leading digital healthcare platform, which now serves a registered base of 28 million users with a monthly active user base of 2.8 million as of June 2024. Kyivstar continues to support its customers, including Ukrainians abroad and Ukrainian businesses; and is a champion of country-wide initiatives, such as supporting the demining of Ukrainian territory in collaboration with the Come Back Alive Foundation.
In April 2024, Kyivstar was also recognised by New Voice of Ukraine as one of the top corporate donors in Ukraine. Since 2022, the company donated UAH 1.8 billion to social causes, the most of any company in the telecommunications sector. These include contributions to support local communities, charities and hospitals, as well as connecting bomb shelters and modular houses built for internally displaced people to free internet provided by Kyivstar. The Company also contributed UAH 300 million to “United 24” as one of the earliest corporate partners, supporting the Ukrainian Government’s program for the reconstruction of Ukraine's digital infrastructure.
About Kyivstar
Kyivstar is the largest telecommunications operator in Ukraine with 24 million mobile subscribers and over 1.1 million home internet subscribers. As Ukraine’s market-leading operator, Kyivstar maintained network availability above the
About VEON
VEON is a digital operator that 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 investment plans, digital products, commercial plans and partnerships. 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 even 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.
Contact Information
VEON
Hande Asik
Group Director of Communication
pr@veon.com
TUVA Partners
Julian Tanner
Julian.tanner@tuvapartners.com
FAQ
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