Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 283

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 283
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 over -the -top(“OTT”) messaging functionality for our customers, with plans to expand to voice and data in later stages. We also successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by the National Commission for the State Regulation of Electronic Communications (“NCEC”) in November 2024. We aim to boost our total spectrum holding and invest in the Ukrainian economy through this spectrum acquisition, enabling us to retain our leading position among private operators in Ukraine in terms of total amount of available spectrum. These strategic partnerships allow us to leverage advanced technologies, optimize distribution channels and drive innovation across our multiservice portfolio. Leadership in fixed broadband We are the leading player in the Ukrainian fixed broadband segment by number of access lines as of December31, 2024. We had over 1.1 million broadband customers as of December 31, 2024 and an estimated market share of 14% by number of access lines on average for the year ended December31, 2024. The broadband segment in Ukraine has almost 2,000 operators in total, with the top three being Kyivstar, Ukrtelecom and Lifecell (formally known as Volia), which had a combined 24% of total market subscribers on average for the year ended December31, 2024. The fixed broadband segment in Ukraine is characterized by a high degree of fragmentation, with a substantial majority share held by smaller players. This fragmentation presents a significant opportunity for consolidation, allowing us to expand our market share and extend our reach to both B2B and B2C customers. We are well -positionedto capture this opportunity by leveraging the strength of our mobile network as well as our established presence across almost 43,500 broadband -connectedbuildings, providing a strong foundation for further market penetration and network synergies through consolidation. In addition, we pursue consolidation and continue to build up our fixed broadband business via acquisitions. Our recent expansion into fiber -to - the-home(“FTTH”) by way of the acquisition of LanTrace in 2024, a company which provides internet and TV services in Ukraine, signals our strategic commitment to infrastructure growth in the country and enhances our value proposition to customers. Additionally, as part of our efforts to drive further service adoption, 135 we have achieved significant progress in Fixed Mobile Convergence (“FMC”), reaching 85% of our fixed broadband subscriber base. FMC helps our customers stay connected with