Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 306

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 306
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). B2C customers are either on prepaid or post -paid contracts. As of December 31, 2024, approximately 76% of our B2C mobile customers were on prepaid contracts. Our B2B customers range from large enterprises to small- and medium -sized enterprises. All of our compliance, internal audit, treasury, strategy and M&A functions are centralized, allowing for efficiency and synergies across our segments. During the year ended December 31, 2024, we had over 4,000 employees, over 500 of whom were employed by Kyivstar.Tech. We are also Ukraine’s largest mobile operator by number of subscribers. For the nine months ended September 30, 2024, we had 47% of the market share based on the number of subscribers across Ukrainian network providers. We are also a leading provider in the B2B mobile market, with 11% of our active three -month subscribers being B2B customers as of December 31, 2024, approximately 8% being B2B large enterprise customers and 3% being small and medium enterprise customers. 158 In recent years, we have taken steps to diversify through strategic acquisitions. In August 2022, we acquired a controlling stake in Helsi, a digital healthcare platform based in Ukraine. Additionally, in December 2022, we spun off Kyivstar.Tech into a separate technology company, which remains wholly owned by us. Our commitment to strategic growth continued with our acquisition of LanTrace, a regional fixed broadband provider, for $2 million in September 2024. Further, in March 2025, we signed an agreement to acquire 97% of the shares in Uklon, a ride -hailing and delivery platform, for approximately $155.2 million. See “ Business of Kyivstar and Certain Information about Kyivstar — Recent Developments. ” The Proposed Transactions On March18, 2025, the Company, the Seller, VEON Holdings, Kyivstar Group Ltd. and Merger Sub entered into the Business Combination Agreement, pursuant to which the Parties thereto will consummate the Business Combination. The Business Combination Agreement contains customary representations and warranties, covenants, closing conditions and other terms relating to the Merger and the other transactions contemplated thereby. In accordance with the terms and subject to the conditions of the Business Combination Agreement, the parties to the Business Combination Agreement will undertake a series of transactions pursuant to which, among other things (