Kyivstar

Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open RAN to Rebuild Ukraine’s Digital Infrastructure

Retrieved on: 
Monday, February 26, 2024
Rakuten, Digital transformation, Reconstruction, Economic growth, LOI, Innovation, EVP, USD, Investment, Conference, Open, Euronext Amsterdam, Organization, Kyivstar, CSO, Radio access network, Telecommunications, Development, VEON

The LoI confirms Kyivstar’s intent to use Rakuten’s Open RAN and 5G technologies to help rebuild Ukraine's digital infrastructure, reinforcing both companies’ commitment to supporting Ukraine’s recovery and reconstruction.

Key Points: 
  • The LoI confirms Kyivstar’s intent to use Rakuten’s Open RAN and 5G technologies to help rebuild Ukraine's digital infrastructure, reinforcing both companies’ commitment to supporting Ukraine’s recovery and reconstruction.
  • Kyivstar and Rakuten Symphony are currently collaborating to define the scope of their initiative, which will involve both 4G and 5G Open RAN technology.
  • Mickey Mikitani, Chairman and CEO, Rakuten Group, said, “Rakuten is extremely proud to continue its support for Ukraine’s efforts to rebuild its infrastructure and in supporting Kyivstar’s vision for deploying Open RAN.
  • I share the excitement of our Kyivstar team, under the leadership of Kyivstar CEO Oleksandr Komarov, in working with Rakuten to rebuild the country’s infrastructure with Open RAN as a part of this commitment.

Kyivstar Completes Preliminary Assessment of the Financial Impact of the Cyberattack

Retrieved on: 
Thursday, January 18, 2024
Human, Security Service, VEON, SMS, Euronext Amsterdam, Government, Kyivstar, Airline

Working relentlessly, and in collaboration with the Ukrainian law enforcement agencies, the Security Service of Ukraine and government agencies,  Kyivstar restored services in multiple stages starting with voice and data connectivity.

Key Points: 
  • Working relentlessly, and in collaboration with the Ukrainian law enforcement agencies, the Security Service of Ukraine and government agencies,  Kyivstar restored services in multiple stages starting with voice and data connectivity.
  • After stabilizing the network, Kyivstar immediately launched offers to thank its customers for their loyalty, including one month of free services on certain types of contracts.
  • VEON and Kyivstar also engaged in a financial impact assessment, the preliminary results of which have become available.
  • The revenue impact of these offers is currently estimated to be approximately 3.6 billion UAH (approximately 95 million USD).

Kyivstar restores mobile internet across Ukraine, reactivates international roaming

Retrieved on: 
Friday, December 15, 2023
Government, SMS, Security Service, Euronext Amsterdam, VEON, Kyivstar, Mobile phone

The restoration of mobile internet covers all communication standards including 4G.

Key Points: 
  • The restoration of mobile internet covers all communication standards including 4G.
  • In addition to reactivation of mobile internet, international roaming services have also been restored over the past 24 hours.
  • More than 95% of mobile network base stations in the territory controlled by Ukraine are now active and working, up from yesterday evening’s 90%.
  • Kyivstar had previously announced the reactivation of fixed connectivity and mobile voice services; and will now focus on launching SMS services and restoring access to the MyKyivstar self-care application.

Kyivstar Network Targeted by Widespread Cyber Attack

Retrieved on: 
Tuesday, December 12, 2023
Recurrence, Euronext Amsterdam, Knowledge, VEON, Communication, Kyivstar

As a result of this, communication and Internet access services are temporarily unavailable on the Kyivstar network.

Key Points: 
  • As a result of this, communication and Internet access services are temporarily unavailable on the Kyivstar network.
  • Kyivstar technical teams are working on eliminating the consequences of the hacker attack and restoring communication as soon as possible.
  • They are working in close cooperation with Ukrainian law enforcement agencies to determine the circumstances and consequences of the interference in the Kyivstar network.
  • Kyivstar remains committed to working relentlessly to keep Ukraine connected in cooperation with Ukrainian government authorities and to addressing the consequences of this morning’s cyber-attack.

VEON Recognised for Crisis Response at World Communication Awards 2023

Retrieved on: 
Monday, November 27, 2023
Movement, VEON, Telecommunications, Flood, Kyivstar, Euronext Amsterdam, Mobile phone

Amsterdam, 27 November 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that it has been recognised with the Crisis Response Award for its group-wide emergency response initiatives in Ukraine, Pakistan, Bangladesh and beyond at the World Communication Awards 2023.

Key Points: 
  • Amsterdam, 27 November 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that it has been recognised with the Crisis Response Award for its group-wide emergency response initiatives in Ukraine, Pakistan, Bangladesh and beyond at the World Communication Awards 2023.
  • The World Communication Awards, presented in Amsterdam on 22 November 2023 and hosted after the conclusion of the Total Telecoms Congress, is adjudicated by over 90 independent industry experts, academics and chief technical officers, and is widely recognised as one of the most prestigious awards in the telecommunications industry.
  • This comprehensive approach and the success of VEON’s crisis response are the results of VEON teams’ determination to go above and beyond “business as usual” to serve their countries and communities in need.
  • "VEON’s emergency response initiatives have proved critical in safeguarding against national disasters and ensuring crucial communication lines remain open throughout geopolitical challenges,”  stated VEON Group CEO Kaan Terzioğlu.

VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors

Retrieved on: 
Tuesday, November 14, 2023
Sale, Euronext Amsterdam, VEON, United States service academies, Investment, State, House, Partner, USD, Health, Harvard Law School, Louisiana House of Representatives, Knowledge, Defence Intelligence Agency (India), Central Intelligence Agency, Education, Kyivstar

In addition, VEON Group CEO Kaan Terzioglu has been appointed as Chair of the Kyivstar Board of Directors.

Key Points: 
  • In addition, VEON Group CEO Kaan Terzioglu has been appointed as Chair of the Kyivstar Board of Directors.
  • These changes to Kyivstar’s Board of Directors reflect VEON’s commitment to Ukraine and to the recovery and reconstruction of the country.
  • “I am delighted to welcome Secretary Pompeo to the Board of this outstanding company, that he joins with strong support from our various US stakeholders.
  • Secretary Pompeo served as the 70th U.S. Secretary of State from 2018 to 2021 and the sixth Director of the Central Intelligence Agency from 2017 to 2018.

VEON files motion with Kyiv Court challenging the freezing of corporate rights in Kyivstar

Retrieved on: 
Monday, October 30, 2023
Security Service of Ukraine, Seizure, SSU, Euronext Amsterdam, Security, Freezing, VEON, Cryptocurrency, Kyivstar

Noting that corporate rights in Kyivstar belong exclusively to VEON, and that their full or partial seizure directly violates the rights of VEON and its international debt and equity investors, VEON requested the lifting of the freezing of its corporate rights in Kyivstar.

Key Points: 
  • Noting that corporate rights in Kyivstar belong exclusively to VEON, and that their full or partial seizure directly violates the rights of VEON and its international debt and equity investors, VEON requested the lifting of the freezing of its corporate rights in Kyivstar.
  • In its filings, the Company also reiterated that any action aimed at the rights, benefits or funds of sanctioned individuals - the alleged reason for seizure of corporate rights as per the SSU statement - cannot legitimately be directed toward Kyivstar or VEON.
  • “VEON is taking all the necessary steps to protect the rights of our company, our wholly owned subsidiary Kyivstar and our international investors.
  • As of the time of publication, neither VEON nor Kyivstar have officially been served the initial court order seizing corporate rights in Kyivstar, or the amended court order dated 13 October 2023, reducing the percentage of seized corporate rights to 47.85% of the shares.

VEON Group Board and Management Delegation Visit Ukraine, Highlighting Commitment to the Country’s Future

Retrieved on: 
Monday, October 23, 2023
Sale, Euronext Amsterdam, VEON, USD, Investment, Cryptocurrency, Kyivstar, EU

Kyiv, 23 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, has today sent a senior delegation to Ukraine consisting of members of the VEON Board and Management.

Key Points: 
  • Kyiv, 23 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, has today sent a senior delegation to Ukraine consisting of members of the VEON Board and Management.
  • The delegation will visit Kyiv and Lviv, meeting with Kyivstar employees, Kyivstar’s community support projects, government officials and representatives of diplomatic missions.
  • Having pledged USD 600 million to the recovery and reconstruction of Ukraine, it is our privilege to plan our future investments, which is one of the main goals of our visit.
  • VEON had committed USD 600 million to Ukraine’s recovery and reconstruction over the next years during the “Ukraine Recovery Conference” in London in June.

VEON issues CEO Letter to Investors on Group Financial Position, Reinstatement of Analyst Coverage and Unrestricted Trading

Retrieved on: 
Friday, October 20, 2023
Digital, Research, Euronext Amsterdam, HQ, Trust, Growth, VEON, USD, Letter, Cryptocurrency, Bank, Security (finance), Kyivstar, Inaam

Amsterdam, 20 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services today published the following open letter from its Group CEO Kaan Terzioglu to its investors.

Key Points: 
  • Amsterdam, 20 October 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services today published the following open letter from its Group CEO Kaan Terzioglu to its investors.
  • This is a major reduction from the Group net debt including leases of USD 8.2bn as per 30 September 2022.
  • Our pro-forma Group weighted average cost of debt, excluding leases, is approximately 8% with a Group weighted average maturity of approximately 2.4 years.
  • New Street Research reinstated its coverage of VEON shares on 11 October 2023; on 18 October 2023, Inam (via Tellimer) also initiated coverage of VEON.

VEON is the sole and rightful owner of Kyivstar

Retrieved on: 
Thursday, October 12, 2023
Security Service of Ukraine, Security, SSU, USD, Communication, Ministry, Justice Party (Ukraine), VEON, Euronext Amsterdam, Kyivstar, EU

At present, neither VEON nor Kyivstar have received any official communication from the Ukrainian authorities or courts regarding these matters.

Key Points: 
  • At present, neither VEON nor Kyivstar have received any official communication from the Ukrainian authorities or courts regarding these matters.
  • First and foremost, VEON is and remains Kyivstar’s sole and rightful owner.
  • None of the individuals mentioned in the SSU announcement referenced above own any shares in VEON or Kyivstar.
  • Any actions aimed at the rights, benefits or funds of the aforementioned individuals cannot legitimately be directed toward Kyivstar or VEON.