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Kyivstar, Ministry of Digital Transformation of Ukraine Select Google’s Gemma as Base Model for Training National LLM

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Rhea-AI Sentiment
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Kyivstar (Nasdaq: KYIV) and the WINWIN AI Center of Excellence under the Ministry of Digital Transformation selected Google’s Gemma as the base model to train a national Ukrainian large language model, announced Dec 1, 2025.

Planned work includes improving the Ukrainian tokenizer, additional training on unique Ukrainian texts, and benchmark tests. Gemma is cited as multimodal, supports >140 languages, and offers a 128,000-token context window. Kyivstar will act as strategic partner and operational lead; the LLM will underpin AI public and business services and aims to optimize performance and costs.

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Positive

  • Selected Google Gemma as national LLM base model
  • Model supports a 128,000-token context window
  • Plan to train on unique Ukrainian texts to improve accuracy
  • Kyivstar named strategic partner and operational lead

Negative

  • None.

News Market Reaction

-8.02%
1 alert
-8.02% News Effect

On the day this news was published, KYIVW declined 8.02%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

9M25 revenue: $836 million 9M25 Adjusted EBITDA: $477 million 9M25 net profit: $34 million +5 more
8 metrics
9M25 revenue $836 million Nine months ended Sep 30, 2025; up from $669 million prior year
9M25 Adjusted EBITDA $477 million Nine months ended Sep 30, 2025; up from $374 million prior year
9M25 net profit $34 million Versus $190 million in 2024; impacted by $162 million listing expense
Listing expense $162 million One-off, non-cash item linked to SPAC merger and Nasdaq listing
Uklon acquisition $158 million Total consideration paid for ride-hailing platform Uklon
Registered warrant shares 7,666,667 shares Common shares issuable upon exercise of outstanding warrants (424B3)
3Q25 revenue UAH 12,332 mn Third quarter 2025 revenue, +20.9% year-over-year
Direct digital revenue UAH 1,464 mn 3Q25 direct digital revenue, +531.3% YoY, 11.9% of total

Market Reality Check

Price: $4.01 Vol: Volume 618,001 is below t...
normal vol
$4.01 Last Close
Volume Volume 618,001 is below the 20-day average of 822,781 shares. normal
Technical Price $14.87 is trading above the 200-day MA at $12.55, signaling a pre-existing uptrend.

Peers on Argus

Sector peers showed mixed moves, with one momentum peer (LBTYB) up 5.84% and no ...
1 Up

Sector peers showed mixed moves, with one momentum peer (LBTYB) up 5.84% and no broad telecom trend evident around KYIV.

Historical Context

5 past events · Latest: Dec 01 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Dec 01 AI model selection Positive -4.0% Chosen Gemma as base model for Ukrainian national LLM with Google support.
Nov 24 Service launch Positive +5.5% Launched Starlink Direct to Cell satellite connectivity service for Ukraine customers.
Oct 31 Tech testing expansion Positive +5.0% Expanded nationwide testing of Starlink Direct to Cell satellite technology.
Oct 27 Earnings scheduling Neutral -0.9% Announced timing for release of 3Q25 results and investor conference call.
Oct 15 Strategic partnership Positive +4.4% Formed strategic partnership with Mastercard to advance digital payments and technologies.
Pattern Detected

Recent partnership and technology announcements have generally seen positive price reactions, with one notable divergence where the LLM/Gemma news coincided with a negative move.

Recent Company History

Over the last few months, Kyivstar has highlighted a series of technology and partnership milestones, including nationwide testing and launch of Starlink Direct to Cell services and a strategic agreement with Mastercard. These updates often saw positive price reactions, suggesting investors responded favorably to connectivity and fintech initiatives. The current news on selecting Google’s Gemma as the base for a national Ukrainian LLM on Dec 01, 2025 extends this digital strategy into AI infrastructure, but historically, this specific announcement coincided with a short-term negative move despite its strategic nature.

Market Pulse Summary

The stock moved -8.0% in the session following this news. A negative reaction despite seemingly cons...
Analysis

The stock moved -8.0% in the session following this news. A negative reaction despite seemingly constructive AI news would fit a pattern where at least one prior LLM announcement coincided with a single-digit percentage decline. While Kyivstar’s broader technology and partnership news often aligned with positive moves, recent regulatory filings highlighted significant one-off listing expenses and warrant-related share registrations, which can weigh on sentiment. If selling extended beyond typical post-news volatility, it could reflect concerns that AI initiatives might not immediately offset these broader capital markets and profitability headwinds.

Key Terms

large language model, LLM, multimodal, context window, +1 more
5 terms
large language model technical
"selected Google’s Gemma as the base model for training the large language model (LLM)."
A large language model is a computer system trained on vast amounts of text to understand and generate human-like writing, like a very well-read virtual assistant that can summarize, draft, translate, or answer questions. Investors care because it can change how businesses operate and compete—boosting productivity, cutting costs, or enabling new products—while also creating risks around accuracy, regulation, and security that can affect revenue and valuation.
LLM technical
"selected Google’s Gemma as the base model for training the large language model (LLM)."
A large language model (LLM) is an advanced computer system trained on vast amounts of written text to understand and generate human-like language, similar to a very fast, well-read assistant that can summarize documents, draft messages, or answer questions. Investors care because LLMs can speed up research, automate customer support, and reduce costs, while also creating new product opportunities and risks around accuracy, bias, and regulatory oversight that can affect a company’s performance.
multimodal technical
"The model supports more than 140 languages, including Ukrainian, features a context window of up to 128,000 tokens, offers multimodal capabilities,"
Multimodal describes an approach, product, or system that uses two or more different types of inputs, methods, or channels — for example combining text, images and audio in a technology product, or blending drugs, devices and therapy in medical care. For investors, multimodal solutions can broaden market reach and competitive differentiation but also add development cost, operational complexity and regulatory hurdles; think of it like a hybrid car that offers more capabilities but requires more parts and oversight.
context window technical
"features a context window of up to 128,000 tokens, offers multimodal capabilities,"
The context window is the amount of text an AI system can read and consider at one time — like the size of a desk where it lays out documents to make sense of them. For investors, a larger context window means the AI can analyze longer filings, full earnings calls or combined news streams without losing earlier details, improving the accuracy of summaries, risk signals and investment decisions.
open-source model technical
"We are building the Ukrainian LLM on a ready-made open-source model."
An open-source model is a computer program or machine-learning system whose underlying code and design are publicly shared so anyone can inspect, use, modify, or distribute it. For investors this matters because openness can speed innovation, broaden adoption, and reduce costs—like a recipe people can copy and improve rather than a secret family dish—while also creating risks around competition, support and intellectual property that can affect a company’s value.

AI-generated analysis. Not financial advice.

KYIV, Ukraine, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine’s leading digital operator, and the WINWIN AI Center of Excellence under the Ministry of Digital Transformation of Ukraine have selected Google’s Gemma as the base model for training the large language model (LLM). Gemma, Google’s next-generation open AI model, has been proven effective in both international and domestic projects.

Kyivstar is the Ukrainian Government’s strategic partner and operational lead for developing the national LLM. The company invests heavily in technological innovation and digital services, including integrating AI solutions into its long-term technology transformation strategy. The Ukrainian LLM will serve as the foundation for building digital AI-powered public and business services, improving service quality and organizational efficiency.

The selected model will be adapted for the Ukrainian language, with plans to:

  • Improve the Ukrainian tokenizer, which will enhance the model’s performance in Ukrainian, reduce errors in generating Ukrainian-language text, and optimize computational costs;
  • further train the model on unique Ukrainian texts currently being collected by experts; and
  • create benchmark tests to fine-tune the model for future applications.

“Choosing Gemma for the Ukrainian LLM gives us the best balance between performance and resource use, as well as high-quality training,” said Mykhailo Nestor, Kyivstar’s Director of Digital Product Development. “The model supports more than 140 languages, including Ukrainian, features a context window of up to 128,000 tokens, offers multimodal capabilities, and has a flexible architecture that can be adapted to different tasks.”

Key advantages of this model include:

  • Optimal balance between performance and resources — Gemma delivers high quality with reasonable infrastructure requirements, making it one of the best open models in terms of its size-to-quality ratio.
  • Multilingual support — the model already includes Ukrainian and can be easily adapted through further training.
  • Multimodality — it can process and analyze not only text, but also images.
  • Advanced tokenizer — the token volume allows precise and efficient text processing and additional training. Its long context window accommodates up to 128,000 tokens.
  • Multiple model sizes — flexibility to select the model size depending on the application area.
  • Proven success — Gemma has already demonstrated excellent results as a base model for MamayLM and Lapa LLM, the existing Ukrainian LLMs, as well as INSAIT BgGPT, a modern LLM for the Bulgarian language.

Danylo Tsvok, Chief AI Officer at the Ministry of Digital Transformation and CEO of the WINWIN AI Center of Excellence, stated, “We are building the Ukrainian LLM on a ready-made open-source model. The main task in development is to train it on our unique data further. When choosing a model, we focused on how well it already handles Ukrainian-language texts and how controllable it is during additional training. This will help minimize linguistic and ethical risks in our LLM.”

Krzysztof Kaziów, Director Customer Engineering CEE, Google Cloud, said, "We are honored that the Ministry of Digital Transformation and Kyivstar have selected Gemma as the foundation for the Ukrainian national LLM. This choice underscores Gemma's strategic value, offering an optimal balance between performance and resources alongside its strong multilingual support. Leveraging its proven success as the base for leading Ukrainian LLMs, we are committed to supporting this vital initiative to enhance digital experience in Ukraine."

About Kyivstar Group Ltd.
Kyivstar Group Ltd. (“Kyivstar”, the “Group”) is a Nasdaq-listed holding company that operates JSC Kyivstar, the country’s leading digital operator and the first Ukrainian company to have its shares traded on a U.S. stock exchange.

The Group’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.

Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through social investments in infrastructure and technological development, charitable donations and strategic acquisitions.

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 22.5 million mobile customers and over 1.2 million home internet fixed line customers as of September 30, 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 between 2023–2027.

The company contributes to overcoming the challenges of wartime and, over the past three years, has allocated more than UAH 3.4 billion to support the Defense Forces, its subscribers, and the implementation of social projects. Kyivstar has operated in Ukraine for 27 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.

About Google Cloud
Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

About The Ministry of Digital Transformation of Ukraine
The Ministry of Digital Transformation of Ukraine is a key state body in Ukraine created in 2019 to lead the country’s digital revolution and build the most convenient state for citizens and businesses. In just six years, Ukraine has risen from 102nd to 5th place worldwide in the development of digital public services.

The Ministry’s flagship product is Diia, the groundbreaking “State in a Smartphone.” It is a state ecosystem designed as a one-stop shop where citizens can access a range of services. Diia includes a portal with 150+ public services and an app with 33 digital documents and 65+ services.

Additional info: https://digitalstate.gov.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, Kyivstar’s LLM launch and development plans as well as Kyivstar Group’s ability to achieve anticipated results and business objectives. 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 Kyivstar’s LLM launch and development plans as well as Kyivstar Group’s ability to achieve anticipated results and business objectives, among others discussed in the section entitled “Risk Factors” included in the final prospectus filed by Kyivstar Group with the U.S. Securities and exchange Commission (“SEC”) on July 22, 2025, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group.


FAQ

What did Kyivstar announce on Dec 1, 2025 about a national LLM (KYIV)?

Kyivstar announced it selected Google Gemma as the base model to train Ukraine’s national LLM and will lead development.

How will Gemma be adapted for Ukrainian language in the KYIV project?

The project will improve the Ukrainian tokenizer, further train Gemma on collected Ukrainian texts, and create benchmark tests.

What technical advantages does Gemma provide for the Kyivstar national LLM (KYIV)?

Gemma offers multimodality, support for >140 languages, multiple model sizes, and a 128,000-token context window.

What role will Kyivstar play in developing the Ukrainian national LLM (KYIV)?

Kyivstar will serve as the Ukrainian government’s strategic partner and operational lead for training and deploying the national LLM.

Will the Kyivstar LLM project affect public and business services in Ukraine (KYIV)?

Yes; the LLM is intended as a foundation for AI-powered public and business services to improve service quality and efficiency.
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