Kyivstar Group Ltd., Ukraine’s leading digital operator, announced that VEON Amsterdam B.V. and certain other selling shareholders have priced a secondary offering of 12,500,000 common shares at USD 10.50 per share. The underwriters have also been granted a 30-day option to purchase up to an additional 1,875,000 shares at the same price, less underwriting discounts and commissions. Kyivstar itself is not selling any shares in this transaction.

The offering is being led by a syndicate of global investment banks, including Morgan Stanley, Barclays, Cantor Fitzgerald and Rothschild & Co as joint book-running managers, with Benchmark (a StoneX Company) and Northland Capital Markets acting as co-managers. The transaction is expected to close on February 2, 2026, subject to customary closing conditions and SEC clearance of the final prospectus supplement.

In conjunction with VEON, Kyivstar plans to invest USD 1 billion in Ukraine between 2023 and 2027 through infrastructure projects, technological development initiatives and strategic acquisitions. These social investments are aimed at expanding mobile and fixed-line broadband coverage, rolling out new digital services such as e-health and ride-hailing, and strengthening enterprise offerings in cloud and cybersecurity.