The largest mobile operator in Ukraine, Kyivstar, is actively working on expanding its business and acquiring new assets. The company is considering entering into approximately ten new deals in the field of mergers and acquisitions. According to Oleksandr Komarov, the head of Kyivstar, the priority areas for future investments will be the development of the telecommunications business, the expansion of digital services, and alternative energy.
This is reported by Finway
Key Areas for New Investments
The company is particularly focused on fintech and e-commerce, which Komarov described as the most promising sectors for a digital operator. Additionally, Kyivstar plans to further develop areas that are already part of its portfolio, such as digital health and modern mobility.
“The two most attractive sectors from the perspective of a digital operator are fintech and e-commerce,” Komarov added.
Previous Investments and Future Plans
In 2022, Kyivstar made its first major purchase during the full-scale war by acquiring the medical service Helsi. Three years later, the operator invested in the taxi service Uklon, and recently in the field of alternative energy, adding the solar power plant “Sanvin 11” to its assets.
According to Komarov, the company is ready to invest in new assets provided they align with its development strategy and have a justified market valuation, noting that there is currently a “war discount” in the Ukrainian market.
From 2023 until the third quarter of 2025, Kyivstar has invested about $880 million, with nearly a fifth of that amount going towards the acquisition of new businesses. The company is owned by the international group Veon, whose shares are listed on the Nasdaq in New York.