VEON Increases Ukraine Investment via Kyivstar to USD 1 Billion Amidst Recovery Efforts

VEON Ltd. VEON, a leading global provider of connectivity and internet services, has publicly announced its intensified commitment to Ukraine’s reconstruction, especially in revitalizing its digital infrastructure. Through its wholly-owned subsidiary, Kyivstar, the company is elevating its investment pledge to an impressive USD 1 billion, reflecting its unwavering support towards the country's post-conflict recovery and economic stability.

Ukraine Recovery Conference Presence

In a significant move, VEON's attendants participated in the Ukraine Recovery Conference, held in Berlin on June 10, 2024. This critical gathering of stakeholders has been pivotal in discussing reconstruction plans and the future paths necessary for Ukraine's rebound. As a major player in the telecommunications sector, VEON's presence underscores the importance of robust digital infrastructure in national recovery efforts and sustainable development.

Commitment to Digital Infrastructure

The investment increment announcement aligns with VEON's long-term strategy to support connectivity and digital services, which are fundamental components to propel post-crisis economies. The expanded financial commitment from VEON, through Kyivstar, intends to enhance mobile and fixed-line telecommunications services across Ukraine, thereby assisting in bridging the digital divide and fostering socio-economic growth.

About VEON Ltd.

Headquartered in Amsterdam, the Netherlands, VEON Ltd. is at the forefront of providing comprehensive telecommunications services. With a particular emphasis on convergence, the company operates various mobile and fixed-line networks, delivering seamless connectivity alongside cutting-edge online services designed to meet the needs of the modern consumer.

Fostering Economic Growth

VEON's deepened financial commitment is expected not just to rejuvenate communication channels, but also to play a substantial role in bringing economic empowerment. Investments in digital infrastructure are widely considered a catalyst for innovation, access to information, and improved business opportunities, ultimately contributing to the overall economic resilience of a nation.

VEON, Investment, Ukraine