Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 281

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 281
---
, Data Group, Volia, Vega and Freenet, having been acquired since 2021. Ukrtelecom is considered the incumbent operator with a mostly legacy network and a declining subscriber base. 140

The table below presents our primary competitors in Ukraine in the services indicated according to the latest published information from NCEC available to us (which is as of September 30, 2024).

| Voice Services(1) and Data Services(2) |     |            |     |                |     |               |
| Ukrtelecom                             |     | Data Group |     |                |     | VF Ukraine(3) |
| Retail Internet Services               |     |            |     |                |     |               |
| Ukrtelecom                             |     |            |     | DVL Telecom(4) |     |               |

____________ (1)Voice service market for business customers only. (2)Data services for B2B market only. (3)VF Ukraine includes VF Ukraine, Farlep -Invest(Vega), Freenetly (4)DVL Telecom includes Data Group, Volia and Lifecell Source: NCEC as of September 30, 2024 Distribution Mobile Telecommunications Services Our strategy is to maintain a leadership position in our mobile telecommunications services business by using multiple distribution channels. In the year ended December 31, 2024, we sold to corporate customers directly and via various alternative distribution channels, such as IT servicing organizations, business center owners and to small- and medium -sizeenterprise (“SME”) customers through dealerships, direct sales, own retail and agent networks. Our strategy is to maintain a leadership position by using the following distribution channels as of December 31, 2024: distributors (26% of all connections), supermarkets and gas stations (23%), monobranded stores (21%), B2B (10%), national and local chains (8%), active sales (7%) and online sales (5%). Our mobile business is dependent on interconnection services, which allow data, calls and text messages from one service provider’s network to be transmitted through another provider’s network. When a call or text from another provider’s customer connects to our network, we receive a payment for carrying that traffic. Conversely, when our customers use another provider’s network while roaming, we pay that provider for the service. We have interconnection agreements with various mobile operators throughout the country. From January 1, 2024 to December 31, 2024, the effective