Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 265

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 265
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 in the VEON Holdings B.V. audited combined financial statements included in this proxy statement/prospectus. Overview We operate one of Ukraine’s leading digital operators and provider of mobile communication and broadband services based on number of subscribers. We provide mobile, digital and fixed -lineservices to over 23 million mobile subscribers and over 1.1 million broadband subscribers as of December 31, 2024. For the year ended December 31, 2024, our profit for the period was $ million and Adjusted EBITDA was $ million, reflecting our strong operational efficiency and continued profitability. In the same period, our profit margin was % and our Adjusted EBITDA Margin was %. Our margins and Adjusted EBITDA have remained strong through the war in Ukraine, due to our focus on customer retention and continuity of service during this period. See “ Kyivstar Management’s Discussion and Analysis of Financial Condition and Results of Operations of Kyivstar — Key Performance Indicators and Non -IF RS Financial Measures” for a discussion of the basis of the presentation of the financial statements of Kyivstar included elsewhere in this proxy statement/prospectus and a description of our non -IFRSfinancial measures. We were founded in 1994 under the name “Bridge,” and we were one of the first mobile networks in Ukraine. We initially focused on mobile services and, throughout the 2000s, we broadened our offerings by investing in mobile data services and modernizing our infrastructure to support the rollout of 3G and later 4G LTE networks. In 2005, already a leader in the Ukrainian telecom market, we were acquired by our former parent company, VEON (formerly VimpelCom). We operate two related business segments: mobile telecommunications services and fixed -linetelecommunications services, which accounted for % and % of our revenue for the year ended December 31, 2024, respectively. In our mobile telecommunications services segment, we provide (1) mobile services, including voice, messaging and wireless internet, as well as (2) digital services, including (i) big data and technology services via our technology company, Kyivstar.Tech, (ii) a suite of self -serviceoptions through our self -serviceapp, MyKyivstar, (iii) digital health services through Helsi and (iv) digital TV content on the Kyivstar TV platform in partnership with PLUS TV LLC. In our fixed -linetelecommunications services segment, we provide voice, data