Kyivstar Group Ltd.

Kyivstar Group Ltd. is a leading provider of digital and telecommunications services in Ukraine, operating primarily in the wireless telecommunications sector. Founded in 1994, the company has established itself as the country's largest mobile operator by subscriber count, with over 23 million mobile users and more than 1.1 million broadband subscribers as of mid-2025. Kyivstar Group Ltd. delivers a comprehensive suite of services including mobile and fixed-line communications, 4G connectivity, cloud solutions, cybersecurity, and digital television, reflecting its role as a central pillar in Ukraine’s digital transformation and infrastructure resilience. The company has also expanded beyond telecom, acquiring platforms such as the medical tech service Helsi and the ride-hailing company Uklon, broadening its impact across digital health and urban mobility. In 2025, Kyivstar became publicly listed through a merger with a U.S.-based SPAC, marking it as the first pure-play Ukrainian investment opportunity on the U.S. equity markets. Backed by a major international shareholder, VEON, Kyivstar Group is significant for its leadership in connecting Ukraine, supporting reconstruction efforts, and serving as a gateway for global investors seeking exposure to the Ukrainian market.