Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 116

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 116
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 materially and adversely affected. See “ Risks Related to our Market — We operate in highly competitive market s , and as a result may have difficulty expanding our customer base or retaining existing customers.” From time to time, we may also seek to divest some of our assets, including divestitures of operations infrastructure or tower assets or business lines. Such divestitures may take longer than anticipated or may not happen at all. If similar divestitures do not occur, close later than expected or do not deliver expected benefits, this may result in decreased cash proceeds and continued operations of non -corebusinesses that divert the attention of our management. Our success with any divestiture is dependent on effectively and efficiently separating the divested asset or business and reducing or eliminating associated overhead costs which may prove difficult or costly for us. There could also be transitional or business continuity risks or both associated with these divestitures that may impact our service levels and business targets. Furthermore, in some cases, we may agree to indemnify acquiring parties for certain liabilities arising from our former businesses or assets. Failure to successfully implement or complete a divestiture could also materially harm our business, financial condition, results of operations, cash flows or prospects. We depend on third parties for certain services and equipment, infrastructure and other products important to our business. We rely on third parties to provide services and products important for our operations. For example, we currently purchase the majority of our network -relatedequipment from several suppliers, such as Fiberhome, Vision and Huawei. The successful build -outand operation of our networks depends heavily on obtaining adequate supplies of core and transmission telecommunications equipment, fiber, switching equipment, radio access network solutions, base stations and other services and products on a timely basis. From time to time, we have experienced delays in receiving equipment, installation of equipment and maintenance services, due to factors such as new and existing telecommunications regulations, customs regulations and governmental investigations or enforcement actions. In this case, we may experience temporary service interruptions or service quality problems. We are also dependent on UTC, which is owned by VEON, with respect to the network infrastructure we utilize. As of December31, 2024, we and UTC jointly owned and operated approximately 15,500 sites. Of our approximately 6,800 owned sites as of December31, 2024, approximately 1,000 are set to be transferred from us to UTC upon the lifting of martial law. In the event that we are unable to secure required services from UTC, we would need to seek