Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 314

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 314
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 value of the amounts payable on exercise with subsequent changes recognized in profit or loss. At the time of acquisition, the expected payout for this option was valued at $7 million, but as of December 31, 2023, it had increased to $11 million. The expected payout for the put option is included in our debt and derivatives, and the option itself is recorded under other investments at the discounted redemption amount, with a valuation of $ million as of December 31, 2024. See “— Indebtedness.” In addition to our recent M&A transactions, in November 2024, we successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by the NCEC, investing UAH 1.43 billion ($34 million) in the Ukrainian economy through this spectrum acquisition as part of our announced intention to invest $1 billion in Ukraine by 2027. A significant portion of this strategy includes the development of our core business through network development, resilience, technological leadership, digitalization and development of our existing business lines, as well as M&A, specifically by driving digital revenue and building out our digital ecosystem via strategic acquisitions. See “ Business of Kyivstar and Certain Information about Kyivstar — Our Strategies. ”We expect to continue to pursue strategic, opportunistic acquisitions, which may impact the comparability of our results in future periods. 162 Intention to Invest in Ukraine In 2024, we and VEON announced our joint intention to invest $1 billion in Ukraine by 2027, focusing on several key areas to drive growth and innovation. We intend to deploy this investment through a variety of capital streams, including investments in infrastructure and technological development, charitable donations and strategic acquisitions. A significant portion of this strategy includes the expansion of our roaming and international interconnect businesses, which is important for generating cash in stable foreign currencies, such as euros. For example, as discussed above, in November 2024, we successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by NCEC, investing UAH 1.43 billion ($34 million) as part of this investment. Expanding our Multiplay Strategy The cornerstone of our growth strategy includes 4G -basedgrowth in mobile connectivity, expanding our digital services and increasing customer spend across our complementary service portfolio ( i.e., our multiplay strategy