VEON and Kyivstar Fulfill Commitment to Invest USD 1 Billion in Ukraine over 2023-2027 Ahead of Schedule
VEON and its subsidiary Kyivstar fulfilled their 2023-2027 investment commitment to Ukraine ahead of schedule, investing a total of USD 1.3 billion, which is 30% above the original USD 1 billion target. The capital deployment focused on strengthening connectivity backbone resilience, including the introduction of Starlink Mobile direct-to-device satellite connectivity and significant backup power investments.
Key figures
- Investment period
- 2023-2027
- Excess vs commitment
- 30%
- Actual investment usd
- USD 1.3 billion
- Investment commitment usd
- USD 1 billion
AI analysis
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