Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 290

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 290
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, schedule travel and send packages through a single app. The platform offers a range of services including real -timefare adjustments and safety features, such as trip -sharingand emergency alerts. In the year ended December31, 2024, Uklon generated $66.6million of revenue, compared to $38.9million in the year ended December31, 2023. Multiplay Strategy Through our multiplay strategy, we aim to consistently increase our multiplay subscriber rate, defined as users that have purchased (i) voice, (ii) 4G data plans over 100 Mb and (iii) at least one digital application ( i.e., Helsi, Kyivstar TV or MyKyivstar), by cross selling our products and services. Our customers can select these digital services, which we call “superpowers,” as add -onsto their paid plans. For instance, we offer digital TV superpower activation in some bundle offers. The number of multiplay customers has grown in both relative and absolute terms, 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 -linetele