Kyivstar Group Board Members Visit Ukraine on the Fourth Anniversary of the Full-Scale War
MWN-AI** Summary
On February 21-24, 2026, members of the Board of Directors of Kyivstar Group Ltd, including VEON founder Augie K. Fabela II and former U.S. Secretary of State Mike Pompeo, visited Kyiv on the fourth anniversary of Ukraine's full-scale war. This visit aimed to support Ukrainian employees and reinforce the company's commitment to continued investment in Ukraine amidst the ongoing conflict. During a town hall meeting held at Kyivstar Group’s headquarters, the board discussed the challenges faced by the company, such as maintaining network operations during power outages and infrastructural damage due to the war.
Kyivstar Group reaffirmed its dedication to its development strategy in Ukraine, recognizing the significant resilience shown by its employees and the local market. Oleksandr Komarov, President of Kyivstar Group, emphasized the necessity for board members to witness the conditions under which the team operates, stating that their unwavering support enables the company to maintain innovation and investment in essential infrastructure and services.
Augie K. Fabela II acknowledged Ukraine's potential as a thriving market for innovation, praising its culture of engineering excellence and the citizens’ determination to overcome adversity. The board members also paid tribute to employees who have lost their lives in the war at the "Roots of Strength" monument and visited the “Connection Is People” photography exhibition, showcasing the essential efforts of Kyivstar's engineers in maintaining connectivity.
Kyivstar, as Ukraine's leading digital operator with over 22.5 million mobile customers, plans to invest $1 billion in infrastructure and technological advancements between 2023 and 2027, signifying its long-term commitment to the Ukrainian market despite the ongoing crisis.
MWN-AI** Analysis
The recent visit by members of the Kyivstar Group Board to Ukraine marks a significant milestone amidst challenging circumstances and provides critical insights for investors considering the telecommunications sector in Ukraine. As the leading digital operator in the country and a subsidiary of VEON, Kyivstar has shown remarkable resilience during the ongoing conflict, reaffirming its commitment to infrastructure investment and technological innovation.
Key takeaways from this visit include the Board’s emphatic dedication to the ongoing investment strategy, which includes a substantial commitment of USD 1 billion over the next few years to enhance connectivity and digital services. This investment reflects not only confidence in the Ukrainian market but also an understanding of its underlying potential. The emphasis on energy resilience and continuous service provision during wartime underscores the operational strength of Kyivstar.
For investors, the performance trajectory of Kyivstar is particularly compelling. The company has maintained strong financial results and operational momentum, even in adverse conditions. The Board's acknowledgment of the Ukrainian team’s professionalism highlights the intrinsic value of local expertise and the human capital that sustains its operations.
Additionally, Ukraine's deep-seated cultural and technological capacity for innovation positions it as an attractive market for investment. The thriving local talent pool, combined with Kyivstar’s strategic initiatives, signals a ripe environment for entrepreneurs and investors looking to capitalize on growth opportunities.
However, prospective investors should remain cognizant of the inherent risks associated with operating in a war-affected region. Given the potential for geopolitical shifts, sensitivity to regulatory changes, and market dynamics, thorough due diligence and a robust risk assessment framework will be essential.
In conclusion, while risks persist, the steadfast commitment showcased by Kyivstar Group and its ongoing investments in Ukraine make it a noteworthy opportunity for those considering engagement in this emerging yet challenging market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
KYIV, Ukraine, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Members of the Board of Directors of Kyivstar Group Ltd (“Kyivstar Group”; Nasdaq: KYIV;KYIVW), the parent company of JSC Kyivstar, Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), visited the company's headquarters in Kyiv on the fourth anniversary of the full-scale war to meet with Ukrainian employees and reaffirm their unwavering support for Ukraine.
VEON Founder Augie K Fabela II, the 70th US Secretary of State Mike Pompeo, Michiel Soeting, Serdar Çetin, and Dmytro Shymkiv were in Kyiv for meetings on February 21-24, 2025.
The Board members met with Kyivstar Group management and employees for an employee town hall at JSC Kyivstar’s head office. Discussions centered on resilience during the war, Kyivstar’s work keeping the network running during recurring power outages and destruction, and plans for future development and continued investment in Ukraine. Kyivstar Group’s Board members reaffirmed the Board’s commitment to Kyivstar’s development strategy in Ukraine and commended the professionalism of the Ukrainian team.
"The Kyivstar Group Board visit to Kyiv is a powerful show of support. It is important to us that the Board members see firsthand the conditions in which our team operates," said Oleksandr Komarov, President of Kyivstar Group. "Despite the daily challenges, we are not simply maintaining connectivity, we are driving innovation, continuing to invest in the network, in digital services, and in energy resilience for our infrastructure. The Board’s support means we can continue to deliver on our ambitious investment program."
"In the face of war, Ukraine remains a promising market for innovative and growing businesses like Kyivstar. The country has a deep culture of engineering excellence, technological innovation, and the ability to find solutions to the most complex challenges," said Augie K Fabela II, founder of VEON. "I have been in Ukraine every two to three months since the full-scale war began. The country is functioning quite well, driven by its citizens’ relentless resilience and determination to grow. Kyivstar is just one example of that resilience and growth. The company is delivering strong financial results, the Ukrainian economy is working, and businesses are creating value. Ukraine is becoming an increasingly attractive destination for investment."
During their visit, the Kyivstar Group Board members paid tribute to employees who were killed in action or went missing while defending Ukraine. Board members laid flowers at the "Roots of Strength" monument, which was installed outside of the JCS Kyivstar head office as a sign of memory and gratitude to the fallen heroes.
Kyivstar Group Board members also visited the Connection Is People photography installation located in Kyiv's Kontraktova Square. The project by photographers Kostiantyn and Vlada Liberovy showcases the dedication of Kyivstar engineers and technical specialists who keep the network running even through unprecedented challenges, including during blackouts, freezing temperatures and snowstorms, and who work to quickly restore base station equipment damaged by shelling.
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 JSC Kyivstar
JSC Kyivstar is Ukraine’s leading digital operator, serving more than 22.5 million mobile customers and over 1.2 million home internet fixed line customers as of September 30, 2025. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. JSC Kyivstar is advancing new telecommunication technologies in Ukraine and together with VEON plans to invest USD 1 billion in this direction between 2023-2027.
JSC Kyivstar is wholly owned by Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), the first Ukrainian company to have its shares traded on the U.S. stock exchange Nasdaq.
The company contributes to overcoming the challenges of wartime and, over the past three years, has allocated over UAH 3.4 billion to support the Defense Forces, its subscribers, and the implementation of social projects. JSC Kyivstar has operated in Ukraine for 27 years and is recognized as the largest taxpayer in the digital communications market, a top employer, and a socially responsible company.
Additional information: pr@kyivstar.net, www.kyivstar.ua.
Disclaimer
This press release contains “forward-looking statements,” as the phrase is defined in 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, statements relating to, among other things, the visit of Members of the Board of Directors of Kyivstar Group Ltd to Ukraine. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the visit of Members of the Board of Directors of Kyivstar Group Ltd to Ukraine, among others discussed in the section entitled “Risk Factors” included in the final prospectus filed by Kyivstar Group with the U.S. Securities and exchange Commission (“SEC”) on January 30, 2026, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group. The forward-looking statements contained herein speak only as of the date of this release and Kyivstar disclaims any obligation to update them, except as required by applicable laws.
FAQ**
How does Kyivstar Group Ltd. Warrant KYIVW plan to navigate the ongoing challenges posed by the war while continuing to expand its digital services and infrastructure investments in Ukraine?
What specific strategies will Kyivstar Group Ltd. Warrant KYIVW employ to maintain connectivity and drive innovation amidst recurring power outages and destruction in Ukraine?
In light of their commitment to invest USD 1 billion in Ukraine, how does Kyivstar Group Ltd. Warrant KYIVW envision balancing short-term resilience with long-term growth in the Ukrainian market?
How will the support expressed by the Board during their visit translate into actionable initiatives and financial commitments for Kyivstar Group Ltd. Warrant KYIVW to enhance employee safety and local community projects during the war?
**MWN-AI FAQ is based on asking OpenAI questions about VEON Ltd. (NASDAQ: VEON).
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