The parent company of the mobile operator Kyivstar, the international group VEON, announced the early implementation of a five-year investment program. Instead of the planned $1 billion for the period 2023–2027, the companies have already invested $1.3 billion in Ukrainian infrastructure and digital assets, exceeding the obligations by 30%.
The parent company of the mobile operator Kyivstar, the international group VEON, announced the early implementation of a five-year investment program. Instead of the planned $1 billion for the period 2023–2027, the companies have already invested $1.3 billion in Ukrainian infrastructure and digital assets, exceeding the obligations by 30%.
This is stated in the official statement of VEON and Kyivstar Group Ltd.
The bulk of the capital was directed at protecting backbone networks and upgrading coverage in wartime. In particular, the operator introduced Starlink Mobile technology for direct connection of smartphones to satellite communications and significantly expanded the backup power network.
A separate direction was the expansion of the digital ecosystem through strategic M&A deals. Kyivstar officially confirmed the acquisition of three major players: the taxi ordering and delivery platform Uklon, the medicine search service Tabletki.ua, and the solar energy company SUNVIN 11. The latest step was part of the strategy to transition to renewable energy sources and increase the energy independence of the network.
«We have invested in the network, energy sustainability and digital platforms that serve millions of people and businesses every day. Providing $1.3 billion in investments reflects confidence in Ukraine’s digital future,» said Kyivstar President Oleksandr Komarov.
VEON previously reported an increase in the amount of dividends and interest payments from its Ukrainian subsidiary Kyivstar that are blocked due to the current restrictions on capital movements by the National Bank of Ukraine. As of the end of 2025, the amount of dividends blocked in Ukraine has increased to $458 million.
Recall that Kyivstar has begun the process of transformation into a holding company. Currently, the operator is building a structure of several technological verticals, covering medicine, mobility, and corporate services.
