Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 4

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 4
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 under the Company’s registration statement on Form F -4(File No. 333 -287802), first filed with the SEC on June 5, 2025, as subsequently amended (the “F -4Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on July 22, 2025. Pursuant to Rule 429 under the Securities Act, this registration statement, which is a new registration statement, also constitutes post -effectiveamendment no. 1 to the F -4Registration Statement. Such post -effectiveamendment shall hereafter become effective concurrently with the effectiveness of this registration statement and in accordance with Section 8(c) of the Securities Act. Unless otherwise stated or the context otherwise requires, all references in this prospectus to “Kyivstar,” the “Company,” “we,” “us” or “our” refer to the business of Kyivstar Group Ltd. and its subsidiaries, which prior to the Transactions was the business of VEON Holdings B.V. and its subsidiaries. ii FREQUENTLY USED TERMS Unless otherwise stated in this prospectus or the context otherwise requires: “2025 Bonds” means the April 2025 Bonds and the June 2025 Bonds. “2027 Bonds” means the outstanding bonds issued by VEON MidCo B.V. due November 2027 (Regulation S ISIN: XS2824764521; Regulation S Common Code: 282476452; Rule 144A ISIN: XS2824766146; Rule 144A Common Code: 282476614; and Rule 144A CUSIP: N/A). “April 2025 Bonds” means the bonds issued by VEON Holdings B.V. due April 2025 with Regulation S ISIN: XS2824765098; Regulation S Common Code: 282476509; Rule 144A ISIN: XS2824765767; Rule 144A Common Code: 282476576; and Rule 144A CUSIP: N/A), which have been repaid. “ARPU” means average revenue per user. “B2B” means business -to -business. “B2C” means business -to -consumer. “Bermuda Companies Act” means the Companies Act 1981 (as amended) of Bermuda. “Business Combination” means the transactions contemplated by the Business Combination Agreement. “Business Combination Agreement” means the Business Combination Agreement, dated as of March 18,