Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 558

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 558
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 are based on management estimates of useful life, residual value and amortization method of property and equipment and intangible assets. Estimates may change due to technological developments, competition, changes in market conditions and other factors and may result in changes in the estimated useful life and in the amortization or depreciation charges. Technological developments are difficult to predict and our views on the trends and pace of developments may change over time. Some of the assets and technologies in which the Group invested several years ago are still in use and provide the basis for new technologies. The useful lives of property and equipment and intangible assets are reviewed at least annually, taking into consideration the factors mentioned above and all other relevant factors. Estimated useful lives for similar types of assets may vary between different entities in the Group due to local factors such as growth rate, maturity of the market, historical and expected replacements or transfer of assets and quality of components used. Estimated useful life for right -of -useassets is directly impacted by the equivalent lease term, refer to Note 14 for more information regarding source of estimation uncertainty for lease terms. 11INTANGIBLE ASSETS The following tables summarize the movement in the net book value of intangible assets for the years ended December 31:

| Net book value                   
 As of January 1, 2024            |     | Telecommunication 
         licenses, 
     frequencies & 
       permissions 
               116 |   |     | Software 
      114 |   |     | Brands and 
 trademarks 
          4 |   |     |      Customer 
 relationships 
            23 |   |     |      Other 
 intangible 
     assets 
          — |   |     | Goodwill 
       15 |   |     | Total 
   272 |   |
|:---------------------------------|:----|------------------:|:--|:----|---------:|:--|:----|-----------:|:--|:----|--------------:|:--|:----|-----------:|:--|:----|---------:|:--|:----|------:|:--|
| Additions                        |     |                35 |   |     |        9 |   |     |          — |   |     |             — |   |     |         50 |   |     |        — |   |     |    94 |   |
| Disposals                        |     |                 — |   |     |       (1 | ) |     |          — |