Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 342

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 342
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million for 2024 and $859million for 2023) amounted to $21million for 2024 and $11million for 2023, resulting in mobile service revenue used to calculate Mobile ARPU of $844million in 2024 and $848million in 2023.

| USD in millions                                                   |     |   Year ended 
 December 31, 
         2024 |     | 2023 |
|:------------------------------------------------------------------|:----|-------------:|:----|-----:|
| Mobile service revenue                                            |     |          865 |     |  859 |
| Revenue from Kyivstar mobile subscribers (used to calculate ARPU) |     |          844 |     |  848 |
| Other mobile service revenue                                      |     |           21 |     |   11 |
| Fixed service revenue                                             |     |           50 |     |   52 |
| Other revenue                                                     |     |            4 |     |    4 |
| Total revenue                                                     |     |          919 |     |  915 |

Mobile service revenue used to calculate Mobile ARPU excludes guest roaming and wholesale international interconnection revenue because these are not generated by our customers but are proceeds received from other operators for the services received by their subscribers. Intracompany revenue from UTC and revenue from Helsi and big data and cloud services are excluded from mobile service revenue used to calculate Mobile ARPU because revenue from these sources may originate from guest users and non -mobileplatforms. The digital services revenue that is included in the revenue used to calculate Mobile ARPU comes from digital services that are included in our bundle offers for mobile subscribers, such as Kyivstar TV.

174 Prior to the year ended December 31, 2024, all digital services revenue was included in the revenue used to calculate Mobile ARPU. However, this change in methodology had only marginal effects on the final Mobile ARPU, so the years ended December31, 2024 and 2023 can be considered comparable. Mobile customers Mobile customers are customers in the registered customer base as of a given measurement date who engaged in a revenue -generatingactivity at any time during the three months prior to such measurement date. Such activity includes any outgoing calls, customer fee accruals, debits related to service, outgoing SMS and MMS, data transmission and receipt sessions, but does not include incoming calls, SMS and MMS or abandoned calls. Our total number of mobile customers also includes customers using mobile internet service