Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 280

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 280
---
 long -distancenetwork, as well as IP transit and data transmission services through our own domestic and international fiber optic backbone and IP/MPLS data transmission network. We derive most of our carrier and operator services revenue from voice call termination services to our own mobile network and voice transit to other local and international destinations. We offer internet -TVusing FTTB/FTTH technology. We are currently engaged in a project to install FTTB for fixed -linebroadband services in residential buildings. We completed our first FTTH acquisition in 2024, and, as of December31, 2024, we had connected approximately 43,500 buildings within Ukrainian -controlledterritories. 139 Competition Mobile Telecommunications Services Our two main competitors in mobile telecommunications services are Vodafone and Lifecell. As of September 30, 2024, we led the market by number of customers with over 23.0 million mobile customers, while Vodafone and Lifecell had 15.9 million and 9.9 million mobile customers, respectively, according to the NCEC. We have maintained our top position in the market by number of subscribers for the past seven years, as shown in the chart below. Source: NCEC Fixed-line Telecommunications Services As a result of disruptions due to the war, many providers do not report to the NCEC, so it is difficult to estimate market shares for fixed -linetelecommunications. The Ukrainian fixed -linetelecommunications services market is fragmented, with almost 3,000 internet service providers in Ukraine, according to NCEC data. As of September 30, 2024, together with Ukrtelecom and Lifecell (formerly known as Volia), we, in the aggregate, held approximately 24% of the market share by number of subscribers, but, as of December 31, 2024, we were the only provider of FMC services. This has allowed us to hold 14.0% of the market share, while Ukrtelecom and Lifecell held 5.4% and 4.8% of the subscriber market share, respectively, as of September 30, 2024. It is estimated that there are approximately 8.4 million fixed -linesubscribers in the Ukrainian market. According to the NCEC, as of September 30, 2024, we led the fixed broadband market with 1.2 million customers. The market has recently experienced consolidation, with four providers