- Business
- Kyivstar Group Ltd. operates as Ukraine's leading telecommunications and digital services provider, offering mobile communication services including voice, messaging, data, mobile and computer Internet, roaming, international calling, payment solutions and other value-added services; fixed-line telephone communication; fixed Internet and data transfer; mobile virtual PBX; data centers; commercial and M2M contact centers; loyalty programs; and sales of telecommunications equipment, alongside enterprise solutions such as Big Data analytics, industrial IoT, cloud computing, cybersecurity, digital TV, e-health platforms and ride-hailing services through subsidiaries like Helsi and Uklon. The company, founded in 1994 and headquartered at 53 Degtyarivska Street in Kyiv, Ukraine, serves nearly 22.4 million mobile subscribers and over 1.1 million fixed-line home Internet customers nationwide, covering all cities, more than 28,000 rural settlements, major routes and coastal areas with 4G LTE and emerging technologies; it primarily targets consumer, business and public sector customers across Ukraine as part of the VEON group, with Kyivstar PJSC as its principal operating subsidiary. Recent developments include the completion of a merger with Cohen Circle Acquisition Corp. in August 2025 to enable a Nasdaq listing under tickers KYIV and KYIVW as part of VEON's strategy to divest a stake while retaining at least 80% ownership; the acquisition of ride-hailing and delivery platform Uklon for $158 million and an increased stake in digital health platform Helsi; the purchase of LLC Lan Trace in September 2024 to expand fixed Internet and TV services in the Kyiv region for a preliminary $2 million; a partnership with Google and VEON announced in November 2025 to develop Ukraine's national large language model; successful first direct-to-device satellite testing with Starlink, marking a regional milestone with commercial messaging rollout planned later in 2025; and a committed $1 billion investment plan through 2027 in infrastructure, technology, acquisitions and charitable initiatives to drive non-telecom revenue beyond 50% by 2030.