Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 266

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 266
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 and internet services, including corporate internet access, fixed -linetelephone, data transmission and fixed -mobileconvergence, as well as internet -TVvia fiber -to - the-building(“FTTB”) network connections. We provide services both to individual retail customers (our “B2C” customers) and to corporate customers (“B2B” customers). B2C customers are either on prepaid or post -paidcontracts. As of December 31, 2024, approximately 76% of our B2C mobile customers were on prepaid contracts. Our B2B customers range from large enterprises to small- and medium -sizedenterprises. All of our compliance, internal audit, treasury, strategy and mergers and acquisitions (“M&A”) functions are centralized, allowing for efficiency and synergies across our segments. During the year ended December 31, 2024, we had over 4,000 employees, over 500 of whom were employed by Kyivstar.Tech. We are also Ukraine’s largest mobile operator by number of subscribers. For the nine months ended September 30, 2024, we had 47% of the market share based on the number of subscribers across Ukrainian network providers. We are also a leading provider in the B2B mobile market, with 11% of our active three -monthsubscribers being B2B customers as of December 31, 2024, approximately 8% being B2B large enterprise customers and 3% being small and medium enterprise customers. In recent years, we have taken steps to diversify through strategic acquisitions. In August 2022, we acquired a controlling stake in Helsi, a digital healthcare platform based in Ukraine. Additionally, in December 2022, we spun off Kyivstar.Tech into a separate technology company, which remains wholly owned by us. Our commitment to strategic growth continued with our acquisition of LanTrace, a regional fixed broadband provider, for $2 million in September 2024. Further, in March 2025, we signed an agreement to acquire 97% of the shares in Uklon, a ride -hailingand delivery platform, for approximately $155.2 million. See “— Recent Developments.” 133 Key Strengths Well-invested mobile communications network providing our customers with high quality connectivity Our market leadership is underpinned by continued investment into the quality and resilience of our network infrastructure. We believe our diverse multiservice product offering, combined with our high network reliability