Kyivstar Delivered 4G Coverage to 630 Communities in 2025

Kyivstar (Nasdaq: KYIV) said investments in network resilience and modernization exceeded 30% of revenue in 2025.

Rhea-AI Summary

Kyivstar (Nasdaq: KYIV) said investments in network resilience and modernization exceeded 30% of revenue in 2025. Since the full-scale war began, approximately $913 million (UAH 40.1 billion) was allocated to restoration, modernization and digital expansion.

In 2025 Kyivstar built over 6,000 new base stations, expanded 4G to 630 additional communities, completed >10,000 base station upgrades and now reaches 96.2% of the population in territory controlled by Ukraine.

Positive

• Investments >30% of revenue in 2025
• $913 million allocated to infrastructure since the war began
• 6,000+ new base stations built in 2025
• 96.2% population access to Kyivstar 4G in Ukrainian-controlled territory

Negative

• Telecom infrastructure sustained repeated attacks during the full-scale war
• Coverage figures exclude temporarily occupied territories
• More than 10 network sites were damaged and required restoration in 2025

Argus Mar 27 session

-1.57% close to close Open Argus

Details

News Market Reaction – KYIV

In the Mar 27 session, KYIV declined 1.57%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Kyivstar’s intensive network build-out and resilience efforts, with mor...

Analysis

This announcement highlights Kyivstar’s intensive network build-out and resilience efforts, with more than 6,000 new base stations in 2025 and about $913 million invested since the full-scale war began. Coverage now reaches 96.2% of the population in Ukraine-controlled areas, including over 300 road sections and nearly 700 restored sites. In context of prior strong revenue and EBITDA growth, investors may track how this capex translates into service quality, user growth, and cash generation under ongoing wartime risks.

Key Figures

Network investment 2025: over 30% of revenue War-time investment: $913 million New base stations 2025: over 6,000 +5 more

Network investment 2025

over 30% of revenue

Capex intensity for resilience and modernization in 2025

War-time investment

$913 million

Allocated since start of full-scale war (UAH 40.1 billion)

New base stations 2025

over 6,000

New sites built in 2025

New communities covered

630 communities

Additional LTE coverage in 2025

4G population coverage

96.2%

Population in Ukraine-controlled territory on Kyivstar 4G

Road sections covered

more than 300 sections

International and national roads with new base stations in 2025

Base station upgrades

more than 10,000

4G capacity and stability upgrades in past year

Sites restored since war start

nearly 700 sites

Network locations brought back online after attacks

Historical Context

5 past events · Latest: Mar 25

5 events

1. Mar 25

   Product expansion

   24h Move

   +1.5%

   Launch of Uklon Travel bus ticketing and reiteration of USD 1B Ukraine investment.

2. Mar 13

   Earnings growth

   24h Move

   +8.5%

   FY25 revenue and EBITDA up ~26% with strong digital growth and guidance.

3. Mar 06

   Satellite milestone

   24h Move

   +0.2%

   Starlink Mobile connectivity reaching 5M users and expanding satellite messaging.

4. Feb 26

   Governance/visit

   24h Move

   -1.7%

   Board visit to Ukraine emphasizing resilience and continued investment amid war.

5. Feb 10

   M&A transaction

   24h Move

   +0.4%

   Completion of USD 160M Tabletki.ua acquisition to expand digital healthcare.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

4g, base stations, digital infrastructure, national commission for the state regulation of electronic communications (ncec)

4 terms

4g technical

"Kyivstar operates the largest 4G network in Ukraine1, providing millions..."

4G is the fourth generation of cellular network technology that delivers faster internet, clearer calls, and better support for video and apps on mobile devices. Investors care because upgrades or expansions of 4G networks affect sales of phones and network equipment, change how consumers use data, and influence revenue and costs for telecom firms—think of it as a highway upgrade that lets more traffic flow faster, benefiting companies that build, run, or sell services on that road.

base stations technical

"In 2025, the company built over 6,000 new base stations and expanded LTE coverage..."

Base stations are the fixed radio sites—antennas, electronics and supporting towers or cabinets—that connect mobile devices to a wireless network, acting like neighborhood relay points that pass calls, texts and data to the wider internet. For investors they matter because the number, location and technology of base stations determine a carrier’s service quality, capacity and coverage, drive capital spending and operational costs, and influence future revenue potential and regulatory approval needs.

digital infrastructure technical

"...continuing to develop Ukraine’s digital infrastructure despite the challenges of the war."

Digital infrastructure consists of the underlying technology systems that enable the storage, transmission, and processing of digital information, such as internet networks, data centers, and cloud services. It functions like the roads and utilities that keep a city running, allowing digital activities to happen smoothly and reliably. For investors, strong digital infrastructure is essential because it supports the growth of digital services and can influence the stability and efficiency of the broader economy.

national commission for the state regulation of electronic communications (ncec) regulatory

"...providers (Form 1-T) to the National Commission for the State Regulation of Electronic Communications (NCEC)."

A national commission for the state regulation of electronic communications is a government agency that oversees telecom, internet, broadcasting and related services — like a referee for the country’s digital networks. It issues licenses, assigns spectrum, sets technical and pricing rules, and enforces consumer and competition protections; its decisions can change costs, market access and growth prospects for companies, so investors watch it for potential impacts on revenues, compliance expenses and industry structure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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KYIV, Ukraine and NEW YORK, March 27, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar (“Kyivstar”), Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), today shared that its investments in network resilience and modernization exceeded 30% of the Company’s revenue in 2025. Since the start of the full-scale war, a total of approximately $913 million (UAH 40.1 billion) has been allocated to infrastructure restoration, modernization, and the expansion of digital capacity.

Kyivstar operates the largest 4G network in Ukraine¹, providing millions of subscribers with access to critically important communication services. In 2025, the company built over 6,000 new base stations and expanded LTE coverage to an additional 630 communities. 96.2% of the population in territory controlled by Ukraine currently has access to Kyivstar’s high-speed 4G service.

The company is also actively expanding coverage along major highways. Throughout 2025, new base stations were deployed across more than 300 sections of international and national roads, including improved coverage along the Kyiv–Kharkiv, Kyiv–Odesa and Kyiv–Lviv routes.

Additionally, a large network modernization program is underway. Kyivstar is upgrading equipment and implementing new technology solutions to increase 4G network capacity and service stability. In the past year alone, more than 10,000 base station upgrades were completed.

The full-scale war continues to pose significant challenges, with Ukraine’s telecom infrastructure sustaining repeated attacks. Despite this, Kyivstar works diligently to restore connectivity as soon as it is safe to do so. In 2025, more than 10 network sites damaged by attacks on infrastructure were restored, and since the beginning of the full-scale war, nearly 700 sites have been brought back online.

Kyivstar’s sustained investment in the network enables the Company to provide millions of subscribers with reliable mobile connectivity and high-speed internet while continuing to develop Ukraine’s digital infrastructure despite the challenges of the war.

¹Confirmed by the Company’s internal data and reporting submitted by electronic communications network and/or service providers (Form 1-T) to the National Commission for the State Regulation of Electronic Communications (NCEC). Temporarily occupied territories are not included.

About Kyivstar Group Ltd.

Kyivstar Group Ltd. (“Kyivstar”) is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. Kyivstar’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity.

For more information, please visit https://investors.kyivstar.ua.

Nasdaq tickers: KYIV; KYIVW

About JSC Kyivstar

JSC Kyivstar is Ukraine’s leading digital operator, serving more than 22.4 million mobile customers and over 1.2 million home internet fixed line customers as of December 31, 2025. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. JSC Kyivstar is advancing new telecommunication technologies in Ukraine and together with VEON plans to invest USD 1 billion in this direction during 2023-2027.

JSC Kyivstar is wholly owned by Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), whose shares traded on the U.S. stock exchange Nasdaq.

The company contributes to overcoming the challenges of wartime and, over the past three years, has allocated over UAH 4.4 billion to support the Defense Forces, its subscribers, and the implementation of social projects. JSC Kyivstar has operated in Ukraine for 28 years and is recognized as the largest taxpayer in the digital communications market, a top employer, and a socially responsible company.

Additional information: pr@kyivstar.net, www.kyivstar.ua.

Disclaimer

This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to, among other things, expanded 4G coverage. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to expanded 4G coverage, among others discussed in the section entitled “Risk Factors” included in Kyivstar Group’s 2025 annual report on Form 20-F filed with the U.S. Securities and exchange Commission (“SEC”) on March 16, 2026, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group. The forward-looking statements contained herein speak only as of the date of this release and Kyivstar disclaims any obligation to update them, except as required by applicable laws.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Kyivstar (KYIV) invest in network resilience in 2025?

Kyivstar invested more than 30% of its 2025 revenue in network resilience and modernization. According to the company, this included upgrades, restoration and expansion funded alongside the $913 million allocated since the full-scale war began to support infrastructure.

How many new base stations did Kyivstar (KYIV) build in 2025?

Kyivstar built over 6,000 new base stations during 2025. According to the company, these deployments expanded LTE coverage to 630 additional communities and improved highway coverage on key routes such as Kyiv–Kharkiv and Kyiv–Odesa.

What population coverage does Kyivstar (KYIV) report for 4G in Ukraine?

Kyivstar reports 96.2% population coverage for high-speed 4G in territory controlled by Ukraine. According to the company, this excludes temporarily occupied territories and reflects infrastructure and capacity upgrades completed through 2025.

How much total funding has Kyivstar (KYIV) allocated for restoration since the war began?

Kyivstar has allocated approximately $913 million (UAH 40.1 billion) to restoration and modernization since the full-scale war began. According to the company, funds supported infrastructure repair, capacity expansion and technology upgrades across the network.

How many damaged network sites has Kyivstar (KYIV) restored since the war began?

Kyivstar restored nearly 700 network sites since the start of the full-scale war. According to the company, more than 10 damaged sites were brought back online in 2025 alone as part of ongoing restoration efforts.