Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 267

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 267
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, fosters customer loyalty and supports our premium pricing strategy. Our integrated service offering enables us to deliver a complementary suite of products with high network availability. As of December 31, 2024, we had LTE population coverage of 96%, with 15,500 mobile points of presence. In addition to our comprehensive offering, we have established strategic market partnerships that enhance our ability to deliver high -valueservices to our customers. In December 2024, we signed an agreement with Starlink, a division of SpaceX, to introduce groundbreaking direct -to -cellsatellite connectivity in Ukraine. We believe the Starlink service will enhance the resilience of Ukraine’s connectivity landscape, and we are working to launch direct -to -cellservices with SMS and 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 a leading player in the Ukrainian fixed broadband segment with 1.1 million broadband customers as of December 31, 2024 and an estimated market share of 14% by number of subscribers on average for the nine months ended September 30, 2024. The broadband segment in Ukraine has almost 3,000 operators in total, with the top three being Kyivstar, Ukrtelecom and Lifecell (formally known as Volia), which had a combined 25% of total market subscribers on average for the nine months ended September 30, 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