Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 165

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 165
---
 reaching approximately 6.1 million customers as of December 31, 2024, approximately a three -foldincrease from 2.1 million customers as of December 31, 2020. In addition, our revenue from multiplay customers has grown approximately 47% between 2023 and 2024, from $179 million to $261 million. We believe this has contributed to the maintenance of our market share, which has stayed above 47% since 2020 and was at its peak of 50.9% in 2022. We have seen a consistent upward trend in ARPU in recent years on the back of an increase in multiplay customers, with ARPU increasing approximately 7% from December 31, 2020 to December 31, 2024. Our U.S. dollar ARPU increased by just 3% between December 31, 2023 and December 31, 2024. We believe there is significant room for additional ARPU growth that has been held back by the war. Fixed-line Telecommunications Services In our fixed -linetelecommunications services business, we offer voice and data services on fixed networks, including mobile and fixed converged services to consumers and businesses. We offer voice, data and high -speedinternet services to corporations, operators and consumers using a metropolitan overlay network in major cities and fixed -linetelecommunications using inter -cityfiber optic networks. Our services include corporate internet access, fixed -linetelephone, data transmission and fixed -mobileconvergence (“FMC”). As of December 31, 2024, our penetration of FMC in fixed broadband was 81%, due to our bundled service offering. In the year ended December 31, 2024, we provided fixed -lineservices in over 125 cities in Ukraine. Our corporate internet services utilize last -miletechnologies, which include optical and copper lines, FTTB and FTTH, xDSL, microwave radio relay, WiMax, Wi -Fi, 2G, 3G and 4G. Internet speeds range from two Mbit/s to 10 Gbit/s, and our corporate customers can select additional complementary services, such as IP -addresses, Border Gateway Protocol, backup, service -levelagreements, corporate Wi -Fiand distributed denial -of -serviceprotection. Our fixed -linetelephone services include Internet Protocol (IP) lines, Session Initiation Protocol (SIP) trunk, analog telephones, ISDN Primary