The largest Ukrainian telecom operator is working to provide citizens with the opportunity to purchase the company’s shares on the domestic market.
According to dev.ua, this was stated by Kyivstar CEO Oleksandr Komarov in an interview with Forbes Ukraine, as reported by Prompolitinform.
He said the company is already negotiating with the National Commission on Securities and the Stock Market to bring Kyivstar Group shares to Ukraine. The key technical requirement for listing on local platforms is ensuring a direct link between the share price on the U.S. Nasdaq exchange and its value in Ukraine.
“We are doing some things that do not have an immediate impact on the business. But they have long-term development potential. We are currently working on a ‘public IPO,’” the CEO explained.
Komarov noted that external investors view Kyivstar’s transformation from a traditional telecom operator into a digital company positively. In particular, the company is developing the Direct-to-Cell satellite communication project, which the CEO sees as the future in cooperation with terrestrial networks, although he admits the project is currently unprofitable.
Additionally, the company, together with the Ministry of Digital Transformation, is investing in the creation of a Ukrainian national language model. Although this AI project does not yet have a direct business case, Kyivstar will gain certain rights to use the model and opportunities for its commercialization.
Kyivstar’s gradual shift from traditional telecom services to building a digital ecosystem with a telecom license is part of a global strategy that, according to management, has already delivered 30% growth and 56% profitability over the year.
Earlier, VEON reported an increase in dividends and interest payments from its Ukrainian subsidiary Kyivstar, which are blocked due to current National Bank restrictions on capital movement. As of the end of 2025, the amount of dividends blocked in Ukraine had grown to $458 million.
It is worth noting that Kyivstar has begun transforming into a holding company. The operator is currently building a structure of several technological verticals covering healthcare, mobility, and corporate services.
Photos from open sources
