VEON’s Kyivstar Expands Digital Healthcare Services in Ukraine with Tabletki.ua Acquisition
Rhea-AI Summary
VEON (Nasdaq: VEON) announced that subsidiary Kyivstar completed acquisition of 100% of Tabletki.ua for USD 160 million, payable in Ukrainian hryvnia. Tabletki.ua partners with over 14,000 pharmacies, averaged 14 million reservations/month in 2025, and reported LTM EBITDA of USD 24 million and LTM net profit of USD 20 million as of Sept 30, 2025, implying a price to LTM earnings ratio of 8.0X. The acquisition expands Kyivstar’s digital healthcare ecosystem alongside Helsi and other Kyivstar services.
Positive
- Acquisition value of USD 160 million for 100% ownership
- Tabletki.ua averaged 14 million reservations per month in 2025
- Platform GMV reached UAH 57.3 billion (LTM to Sept 30, 2025)
- LTM EBITDA of USD 24 million and LTM net profit of USD 20 million, price/earnings 8.0X
Negative
- None.
News Market Reaction – VEON
In the Feb 10 session, VEON gained 0.91%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Dec 16 | Energy acquisition | Positive | +1.4% | Kyivstar acquired SUNVIN 11 adding 12.9 MW of solar capacity in Ukraine. |
| Oct 21 | Digital acquisition | Positive | -3.3% | Beeline Kazakhstan agreed to acquire OLX Kazakhstan online classifieds business. |
| Mar 19 | Ride-hailing deal | Positive | -0.1% | Kyivstar moved to buy 97% of Uklon, Ukraine’s top ride-hailing platform. |
| Nov 20 | Spectrum purchase | Positive | -2.1% | Kyivstar invested UAH 1.43B to acquire additional mobile spectrum in Ukraine. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Across recent acquisition headlines, VEON often saw flat-to-negative next-day moves, with only one of four events posting a clearly positive reaction despite strategically aligned deals.
Over the past year, VEON has used acquisitions to deepen Kyivstar’s role in Ukraine and broaden its digital operator strategy. Deals included solar capacity via SUNVIN 11 on Dec 16, 2025, OLX Kazakhstan’s classifieds platform on Oct 21, 2025, Uklon ride-hailing on Mar 19, 2025, and spectrum purchases on Nov 20, 2024. These supported energy resilience, digital services, and network capacity. Today’s Tabletki.ua deal extends the same playbook into digital healthcare.
Key Terms
gross merchandise value financial
ebitda financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dubai, Kyiv and New York, February 10, 2026 – VEON Ltd. (Nasdaq: VEON) (“VEON”), a global digital operator, announces that today its subsidiary Kyivstar Group Ltd. (“Kyivstar”) (Nasdaq: KYIV; KYIVW) signed a definitive agreement and completed the transaction to acquire
Tabletki.ua is trusted by millions of users every month and is Ukraine’s preferred digital platform for accessing prescriptions as well as other medicinal and nutritional health products. The platform enables customers to quickly find, compare, and reserve prescribed and over-the-counter medicines and healthcare products available at pharmacies nationwide, ensuring availability, transparent pricing, and convenient access to essential healthcare products.
Tabletki.ua partners with more than 14,000 pharmacies across Ukraine and facilitated an average of 14 million reservations per month in 2025, reflecting its role as an everyday healthcare tool for Ukrainian families. Gross merchandise value (GMV) of bookings via the platform reached UAH 45 billion (USD 1.06 billion) in FY2024 and UAH 57.3 billion (USD 1.19 billion) for the last twelve months ending September 30, 2025.
The acquisition strengthens Kyivstar’s growing healthcare ecosystem, complementing its earlier acquisition of the digital healthcare platform Helsi in 2022. Tabletki.ua will become part of Kyivstar’s expanding portfolio of digital services, which also includes ride-hailing and delivery platform Uklon, Kyivstar TV, and the MyKyivstar super-app.
“Ukrainian businesses like Tabletki.ua are enabling millions of Ukrainians to benefit from convenient, digital-first solutions, supporting the growth and resilience of the country,” said Oleksander Komarov, President of Kyivstar. “Tabletki.ua already plays an essential role in everyday life for millions of Ukrainians. By combining Kyivstar’s experience in building and scaling digital platforms with Tabletki.ua’s strong market position, we will make healthcare services even more accessible and convenient across Ukraine.”
“This acquisition strengthens our commitment to Ukraine by expanding access to digital healthcare solutions that improve everyday life,” said Kaan Terzioglu, VEON Group CEO and Executive Chairman of Kyivstar. “Together, Kyivstar and Tabletki.ua will accelerate the development of innovative, customer-focused healthcare services.”
Based on unaudited management accounts, Tabletki.ua generated LTM EBITDA of USD 24 million and LTM net profit of USD 20 million as of September 30, 2025. The agreed consideration of USD 160 million corresponds to a price to LTM earnings ratio of 8.0X.
Today, VEON also published a presentation for investors that provides further information about Tabletki.ua and the strategic rationale for the acquisition. The presentation is available on the VEON website here.
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.
Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through investments in infrastructure, technological development and strategic acquisitions, as well as charitable donations for social projects.
For more information, please visit https://investors.kyivstar.ua.
Nasdaq tickers: KYIV; KYIVW
About VEON
VEON is a digital operator that provides connectivity and digital services to nearly 150 million connectivity customers and over 140 million digital users. Operating across five countries that are home to more than
Forward-Looking Statements
This release contains “forward-looking statements”, within the meaning of the 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, the closing of Kyivstar’s acquisition of Tabletki.ua, the expected impact of the acquisition for VEON, and the expected financial performance of VEON post the acquisition. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating the closing of Kyivstar’s acquisition of Tabletki.ua, the expected impact of the acquisition for VEON, the expected financial performance of VEON post the acquisition, as well as VEON’s ability to achieve anticipated results and business objectives, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law. VEON disclaims any obligation to update or revise any forward-looking statements contained in this press release, other than to the extent required by applicable law.
Additionally, this press release includes certain financial information and data of Tabletki.ua derived from preliminary, unaudited management accounts as of the dates indicated and is subject to completion of customary financial closing, review, and audit procedures. This information is provided for informational purposes only and should not be regarded as a complete statement of financial results or relied upon as necessarily indicative of historical or future performance.
Contact Information
VEON
Hande Asik
Chief Communications and Strategy Officer
pr@veon.com
