Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 274

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 274
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 efficiency and synergies across our business. 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 customers. For the year ended December31, 2024, we had over 47% of the market share based on the number of customers 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, and in May 2025, we increased our stake in Helsi from 69.99% to 97.99%. In the year ended December31, 2024, Helsi generated $5.1million of revenue, compared to $3.6million in the year ended December31, 2023. Additionally, in December 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. In the year ended December31, 2024, Uklon generated $66.6million of revenue, compared to $38.9million in the year ended December31, 2023. 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