Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 96

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 96
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 extract greater revenue from our existing customers, including through the expansion of data services and the introduction of next generation technologies, which may prove difficult to accomplish. See “ — We may be unable to keep pace with technological changes and evolving industry standards, which could harm our competitive position and, in turn, materially harm our business”; •we may be unable to deliver a better customer experience relative to our competitors, or our competitors may reach customers more effectively through better use of digital and physical distribution channels, which may negatively impact our market share; 25 •as we expand the scope of our services, such as new networks, fixed -lineresidential and commercial broadband, cloud services, big data, digital TV, digital health and other services, we may encounter a greater number of competitors that provide similar services; •the liberalization of the regulations in Ukraine could greatly increase competition; •competitors may operate more cost -effectivelyor have other competitive advantages such as greater financial resources, market presence and network coverage, stronger brand name recognition, higher customer loyalty and goodwill and more control over domestic transmission lines; •current or future relationships among our competitors and third parties may restrict our access to critical systems and resources; •reduced demand for bundled services could impact our future profitability; •competition from OTT players offering similar functionality to us may increase, including digital providers offering voice over internet protocol (“VoIP”) calling, internet messaging and other digital services which compete with our telecommunications services; •our competitors may offer integrated customer experiences, or may choose to develop OTT services, which may increase the competition we are facing; and Investing in frontier markets, where our operations are located, is subject to greater risks than investing in more developed markets. Our operations are located in Ukraine and Uzbekistan, which is are frontier markets. Investors should fully appreciate the significance of the risks involved in investing in a Ukrainian -basedcompany and are urged to consult with their own legal, financial and tax advisors. In Ukraine, the government and judiciary have historically exercised broad discretion and are susceptible to the rapid reversal of political and economic policies, especially as a result of the war in Ukraine. See “— Risks Related to the War in Ukraine — We may face the risk of nationalization or confiscation of our operations and assets.” Furthermore, Ukraine poses a high risk of potential violations of the U.S. Foreign Corrupt Practices Act (“FCPA”) and other anti -corruptionlaws, based on measurements such as Transparency International’s Corruption Perception Index. The political and economic relations of Ukraine are often complex