Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 182

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 182
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 whole. The anchor tenant receives a 20% discount to the base anchor fee if a third -partytenant occupies part of the same side of the tower. There is also a volume discount of 30% when the total number of sites the tenant occupies is over 5,000. The payments are made monthly in arrear, and electricity is charged to the anchor tenant on a pass -throughbasis. 111 Plus TV LLC Beginning September1, 2025, our contractual and operating model for the Kyivstar TV service was revised, superseding the Agency Agreement No. 500156, dated November22, 2024, between us and Plus TV LLC, pursuant to which we acted as an agent for Plus TV LLC in respect of the Kyivstar TV service. The updated framework comprises: (i) a Service Agreement (the “Service Agreement”) under which the subscriber contracts directly with us for the provision of the Kyivstar TV content services; (ii) an Access Code Agreement, dated August22, 2025, between us and Plus TV LLC (the “Access Code Agreement”), relating to the development and placement by Plus TV LLC of content packages on its software platform and the provision of access codes to us (the “Services”); and (iii) a License Agreement, dated August22, 2025, pursuant to which Plus TV LLC licenses its software platform to us. Under the revised framework, we are responsible for delivering the Kyivstar TV service to subscribers, including setting and amending tariffs, managing billing and collections, providing first -linecustomer support, and exercising the right to suspend or terminate services in case of non -payment. We also independently determine the commercial structure of the offering, including whether services are sold stand -aloneor within bundled tariff plans. Plus TV LLC has been repositioned as a supplier that provides us with content and platform services, rather than as a principal to the subscriber. Under the Access Codes Agreement, we pre -orderand prepay for access codes used to activate content packages, assuming both inventory risk (including the risk of unsold codes) and credit risk irrespective of subscriber activation. Plus TV LLC remains responsible for maintaining the content catalogue, operating the technical platform, and ensuring compliance with intellectual property and regulatory requirements; however, it does not interact directly with subscribers, nor does it control pricing or commercial terms for Kyivstar TV. The Access Codes Agreement includes exclusivity provisions, under which: (i) Plus TV LLC must act as our exclusive partner in Ukraine for