en.Wedoany.com Reported - Dutch VEON Group and its Ukrainian digital operator Kyivstar announced on April 29, 2026, that they have cumulatively invested $1.3 billion in Ukraine from 2023 through April 2026, completing ahead of schedule the previously set total investment commitment of $1 billion for 2023-2027, exceeding it by 30%. The statement was released by VEON Group via Nasdaq, and Kyivstar also simultaneously announced the completion through its investor relations platform.
This $1.3 billion investment covers three main areas: telecommunications infrastructure expansion, digital service ecosystem construction, and energy resilience enhancement. On the network side, Kyivstar continues to advance mobile network coverage expansion and modernization, introduces Starlink Mobile direct-to-cell satellite service, accelerates high-speed fixed broadband deployment, and invests heavily in backup power and energy resilience solutions to ensure service continuity. On the digital services side, Kyivstar completed the acquisition of Ukraine's leading ride-hailing and delivery platform Uklon and digital healthcare platform Tabletki.ua, and incorporated the solar energy company SUNVIN 11, marking its first asset allocation in the renewable energy sector. SUNVIN 11 holds 12.9 megawatts of solar power generation capacity, through which Kyivstar takes a key step toward energy autonomy.
Kyivstar CEO Oleksandr Komarov stated directly that keeping Ukrainians connected during wartime and continuing to build for the future is the company's core mission, and the $1.3 billion invested in Ukraine reflects the team's dedication and confidence in Ukraine's digital future. VEON Group CEO Kaan Terzioglu pointed out that completing the investment plan ahead of schedule and exceeding it highlights VEON and Kyivstar's long-term belief in the resilience of Ukraine and its people, proving that businesses can still continuously deploy long-term, responsible capital in the country.
The investment plan was initially announced in 2023 as a three-year, $600 million commitment, and was subsequently expanded to a five-year, $1 billion comprehensive plan for 2023-2027 covering connectivity, digital services, energy resilience, strategic acquisitions, and social contributions. As of the fourth quarter of 2025, Kyivstar served over 120 million fixed broadband users and 22.4 million mobile users in Ukraine, with full-year 2025 EBITDA growing 30% year-on-year to 27 billion Ukrainian hryvnia, and revenue growing 30.3% to 48.2 billion Ukrainian hryvnia.
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