Kyivstar Delivered 4G Coverage to 630 Communities 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
Key Figures
Market Reality Check
Peers on Argus
KYIV fell 4.13% with light volume, while several telecom peers in the reference list (e.g., TEO, GSAT, Liberty Global share classes) also showed negative moves. However, the momentum scanner flagged only one peer (TKC) moving up, reinforcing that this looks stock-specific rather than a synchronized sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 25 | Product expansion | Positive | +1.5% | Launch of Uklon Travel bus ticketing and reiteration of USD 1B Ukraine investment. |
| Mar 13 | Earnings growth | Positive | +8.5% | FY25 revenue and EBITDA up ~26% with strong digital growth and guidance. |
| Mar 06 | Satellite milestone | Positive | +0.2% | Starlink Mobile connectivity reaching 5M users and expanding satellite messaging. |
| Feb 26 | Governance/visit | Positive | -1.7% | Board visit to Ukraine emphasizing resilience and continued investment amid war. |
| Feb 10 | M&A transaction | Positive | +0.4% | Completion of USD 160M Tabletki.ua acquisition to expand digital healthcare. |
Recent fundamentally positive news (growth, acquisitions, digital expansion) has mostly been followed by positive price reactions, with only occasional divergence.
Over the past few months, Kyivstar has reported strong growth and steady strategic execution. On Mar 13, 2026, FY25 revenue reached USD 1,157 mn with EBITDA of USD 648 mn and EPS of USD 1.32, which the market rewarded with an 8.53% move. The company has also pursued digital expansion via the Tabletki.ua acquisition and Uklon ecosystem initiatives, while scaling Starlink Mobile connectivity to 5 million users. Today’s network investment and coverage update fits this pattern of heavy capex and digital infrastructure build-out under wartime conditions.
Market Pulse Summary
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 Terms
4g technical
base stations technical
digital infrastructure technical
national commission for the state regulation of electronic communications (ncec) regulatory
AI-generated analysis. Not financial advice.
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
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.
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
How much did Kyivstar (KYIV) invest in network resilience in 2025?
How many new base stations did Kyivstar (KYIV) build in 2025?
What population coverage does Kyivstar (KYIV) report for 4G in Ukraine?
How much total funding has Kyivstar (KYIV) allocated for restoration since the war began?
How many damaged network sites has Kyivstar (KYIV) restored since the war began?
