Kyivstars Spectrum Triumph VEON Invests UAH 1.4 Billion in Ukraines Digital Future,

VEON's Kyivstar Boosts Connectivity in Ukraine with UAH 1.4 Billion Spectrum Investment'

Amsterdam, Dubai and Kyiv, 20 November 2024' VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a pioneering global digital operator, is set to revolutionize the Ukrainian telecommunications landscape. VEON's subsidiary, Kyivstar, has triumphantly secured key spectrum assets, reinforcing its commitment to delivering stellar digital services in the region.

This strategic acquisition of 2x5 MHz in the 2100 MHz band and a further 40 MHz in the 2300 MHz band is a decisive step in future-proofing Ukraine's digital infrastructure. By acquiring these spectrum licenses at a recent auction conducted by Ukraine's National Commission for State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCEC), Kyivstar positions itself at the forefront of innovation.

The infusion of UAH 1.4 billion into Ukraine's economy underscores VEON's unwavering dedication to enhancing connectivity and supporting the nation's digital transformation. Kyivstar's amplified spectrum capabilities will facilitate improved network capacity, faster internet speeds, and the integration of cutting-edge 5G technology.

As Ukraine continues to chart its course as a digital leader in Eastern Europe, this investment by VEON is more than a fiscal commitment; it symbolizes a transformative era of progress and modernization. The newly acquired spectrum will not only enhance service quality for current customers but will also spur future innovations that will empower businesses and communities across Ukraine.

VEON's investment resonates with its strategic vision of creating impactful digital ecosystems that drive sustainable development and economic growth. By empowering its subsidiary, the Group is not only strengthening its market position but also elevating the quality of digital life for millions of Ukrainians.

As Kyivstar prepares to deploy its expanded spectrum capacity, anticipation rises for an unprecedented digital experience. This development marks a significant milestone in Ukraine's journey towards becoming a digitally advanced nation.

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