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Kyiv and Dubai, 26 February 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, together with its 100%-owned subsidiary Kyivstar, highlighted its investments in Ukraine’s digital infrastructure during the visit of the VEON delegation to Kyiv.
The VEON delegation, led by VEON Chairman and Founder Augie Fabela, VEON CEO Kaan Terzioglu, met with the Kyivstar team commemorating the third anniversary of the war and renewing VEON’s commitment to investing in Ukraine’s recovery and reconstruction, held a series of bilateral meetings with key government stakeholders and participated in the Yalta European Strategy (YES) Special Meeting.
In bilateral meetings with government stakeholders, including Mykhailo Federov, Deputy Prime Minister for Innovation, Education, Science and Technology Development - Minister of Digital Transformation of Ukraine and Oleksiy Chernyshov, Deputy Prime Minister - Minister of National Unity of Ukraine, VEON and Kyivstar highlighted the work in maintaining critical connectivity and digital services for Ukraine and underscored the role of investments in rebuilding the country. The delegation advocated for immediate investments in the country’s recovery, highlighting VEON’s plan to invest USD 1 billion into Ukraine over 2023-2027, and the progress towards indirectly listing Kyivstar on the Nasdaq Stock Market LLC in the United States, which would make Kyivstar the only Ukrainian business whose shares would be publicly traded in the United States.
“VEON is deeply committed to Ukraine’s future, and to the critical role the private sector and international investments must play in the country’s recovery and reconstruction. It is a privilege to be on the ground in Ukraine at this historically important time, discussing our investment plans that will support building the future of Ukraine," said Augie Fabela, VEON Board Chairman and Founder. "Together with Kyivstar, VEON will continue to support Ukraine by investing in its digital economy, promoting investment opportunities in Ukraine, and bringing game-changing vital technologies like Starlink’s direct-to-cell service to the country.”
VEON is the parent company and the sole owner of Kyivstar, Ukraine’s leading digital operator with the country’s largest mobile and fixed-line connectivity businesses that serve nearly 24 million connectivity customers. Kyivstar offers a wide range of digital services to consumers and Ukrainian businesses, including the digital healthcare platform Helsi, with a registered user base of 28 million, and the entertainment streaming platform Kyivstar TV, as well as cloud, cybersecurity and AI solutions.