Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 282

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 282
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 2022, we spun off Kyivstar.Tech into a separate technology company, which remains wholly owned by us. In the year ended December31, 2024, Kyivstar.Tech generated $24.2million of revenue ($24.0million of which was attributable to intra -KyivstarGroup 134 companies), compared to $19.4million ($19.3million of which was attributable to intra -KyivstarGroup companies) in the year ended December31, 2023. Our commitment to strategic growth continued with our acquisition of LanTrace, a regional fixed broadband provider, for $2 million in September 2024. In April 2025, we acquired 97% of the shares in Uklon, a ride -hailingand delivery platform, for approximately $155.2 million. See “— Recent Developments.” Key Strengths Well-invested mobile communications network providing our customers with high quality connectivity Our mobile market leadership is underpinned by continued investment and development into the quality and resilience of our network infrastructure, which has continued through the war in Ukraine and is one of the core pillars of our medium -termstrategy. We believe our diverse multiservice product offering, combined with our high network reliability, fosters customer loyalty and supports our premium pricing strategy. Our integrated service offering enables us to deliver a complementary suite of products with high network availability. As of December 31, 2024, we had LTE population coverage of approximately 96%, with 15,500 mobile points of presence. Since the beginning of 2022, we have increased our network with the addition of 2,617 new sites and 4,512 mobile settlements across different regions of Ukraine, which in turn helps us further improve our network population coverage and maintain network resilience. In December 2023, we launched our high -speedGigabit Passive Optical Network (“GPON”), which offers resilience during power outages. We are in the process of upgrading our fiber network to GPON infrastructure to expand our serviceable footprint and increase network accessibility. In addition to our comprehensive offering, we have established strategic market partnerships that enhance our ability to deliver high -valueservices to our customers. In December 2024, we signed an agreement with Starlink, a division of SpaceX, to introduce groundbreaking direct -to -cellsatellite connectivity in Ukraine. We believe the Starlink service will enhance the resilience of Ukraine’s connectivity landscape, and we are working to launch direct -to -cellservices with SMS and