| KYIV |
Kyivstar Group Ltd. |
92%
|
Reciprocal relationship from KYIV graph: Reciprocal relationship from VEON graph: Reciprocal relationship from KYIV graph: Reciprocal relationship from VEON graph: Reciprocal relationship from KYIV g… |
| BANGLALINK-DIGITAL-COMMUNICATIONS-LIMITED |
BANGLALINK-DIGITAL-COMMUNICATIONS-LIMITED |
85%
|
e method over the estimated useful life of the intangible asset. The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and … |
| ISP-SHTORM-LLC |
ISP-SHTORM-LLC |
85%
|
Kyivstar further expanded its fixed-line telecommunications capabilities with the acquisition of ISP Shtorm LLC, a regional internet service provider ("Shtorm"). Shtorm provides services under the Sh… |
| KYIVSTAR-HOLDINGS |
KYIVSTAR-HOLDINGS |
85%
|
s material to investors. For additional information on our outstanding indebtedness, please refer to Note 18— Investments, Debt and Derivatives of our Audited Consolidated Financial Statements attach… |
| PAKISTAN-TELECOMMUNICATION-COMPANY-LIMITED |
PAKISTAN-TELECOMMUNICATION-COMPANY-LIMITED |
85%
|
stic and international MPLS, and IP transit services through our access network • High-speed internet access (including fiber optic lines) • Software-Defined Wide Area Network (“SD-WAN”) • Telephone … |
| KYIVSTAR |
KYIVSTAR |
80%
|
in August 2022, our subsidiary Kyivstar acquired a controlling stake in Helsi Ukraine, one of the country’s largest medical information systems and leading digital healthcare providers |
| KYIV |
Kyivstar Group Ltd. |
72%
|
ngs, the implementation of new business strategies and governance models, personnel changes, cost savings initiatives or redundancies in our offices. We could also experience strikes or other labor d… |
| CAPITAL-RESOURCES |
CAPITAL-RESOURCES |
62%
|
and costs, net foreign exchange gain/(loss), share of profit/(loss) of associates and joint ventures, and listing expense, which is also excluded from the calculation. For a reconciliation of Adjuste… |
| CARVED-OUT-ENTITIES-THE-GROUP |
CARVED-OUT-ENTITIES-THE-GROUP |
62%
|
dering the extraterritorial effect of the legislation (for example, GDPR applies if such operations involve the offering of goods or services to, or monitoring the behavior of, individuals in the Eur… |
| CG-CORP |
CG-CORP |
62%
|
y based on individual targets that are agreed upon with the participant at the start of the performance period based on his or her specific role and activities. The weight of each KPI is decided on a… |
| COHEN-CIRCLE-ACQUISITION-CORP |
COHEN-CIRCLE-ACQUISITION-CORP |
62%
|
Item 5—Operating and Financial Review and Prospects in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which was filed with the SEC on April 25, 2025. The following discus… |
| CTS |
CTS Corporation |
62%
|
Reciprocal relationship from CTS graph: Reciprocal relationship from VEON graph: et share of our businesses and industry by delivering value via, for example, mobile entertainment, mobile health, mob… |
| CTS |
CTS Corporation |
62%
|
et share of our businesses and industry by delivering value via, for example, mobile entertainment, mobile health, mobile education, and mobile financial services. As part of our initiative to digiti… |
| DATA-GROUP |
DATA-GROUP |
62%
|
arket share, respectively. According to the NCEC, as of September 30, 2025, we led the fixed broadband market with circa 1.2 million customers. The market has recently experienced consolidation, with… |
| DEMERGER-KYIVSTAR-HOLDINGS |
DEMERGER-KYIVSTAR-HOLDINGS |
62%
|
strategic, in-market acquisitions of digital businesses. Through this model we aspire to grow, not only the market share of our operations, but also the relevance and the wallet share of our business… |
| DEMERGER-VEON-HOLDINGS |
DEMERGER-VEON-HOLDINGS |
62%
|
ii) VEON Intermediate Holdings holds the interests in VEON’s non-core assets and subsidiaries. Following the demerger, VEON Holdings B.V. changed its name to Kyivstar Holdings B.V., effective Februar… |
| DHABI-GROUP |
DHABI-GROUP |
62%
|
suer if a majority of our outstanding voting securities are directly or indirectly held of record by U.S. residents and a majority of our directors or management are U.S. citizens or residents. As of… |
| ENGRO-CORPORATION-LIMITED |
ENGRO-CORPORATION-LIMITED |
62%
|
competitive position and, in turn, materially harm our business ); • pressure to adopt aggressive marketing strategies, such as lower tariffs, handset subsidies, or higher dealer commissions; • limit… |
| EXHIBITS-INCORPORATED |
EXHIBITS-INCORPORATED |
62%
|
stomer loyalty measures taken by Kyivstar in order to compensate for the inconvenience caused during the disruptions. The impact of these offers on operating revenue for the six-months ended June 30,… |
| FAYSAL-BANK-LIMITED |
FAYSAL-BANK-LIMITED |
62%
|
ency terms) as compared to the year ended December 31, 2024. These increases were primarily driven by higher data usage, repricing initiatives, the abolition of excise tax, and stronger uptake of dig… |
| FURTHERMORE-VEON-LTD |
FURTHERMORE-VEON-LTD |
62%
|
ainian operations in the foreseeable future. Furthermore, VEON Ltd.’s ability to withdraw funds and dividends from our subsidiaries and operating companies may depend on the consent of our strategic … |
| FURTHER-VEON-GROUP |
FURTHER-VEON-GROUP |
62%
|
e revenue loss arising from the customer loyalty measures taken by Kyivstar in order to compensate for the inconvenience caused during the disruptions. The impact of these offers on operating revenue… |
| ISLAMABAD-HIGH-CO |
ISLAMABAD-HIGH-CO |
62%
|
ecember 31: 2023 2022 2021* Network and IT costs 506 503 491 Personnel costs 416 411 361 Customer associated costs 386 347 413 Losses on receivables 14 28 14 Taxes, other than income taxes 74 30 50 O… |
| KYIVSTAR-GROUP |
KYIVSTAR-GROUP |
62%
|
ngs, the implementation of new business strategies and governance models, personnel changes, cost savings initiatives or redundancies in our offices. We could also experience strikes or other labor d… |
| MOBILE-TELECOMMUNICATIONS-COMPANY |
MOBILE-TELECOMMUNICATIONS-COMPANY |
62%
|
e following information is disclosed pursuant to Section 13(r) of the Exchange Act. The gross revenue and aggregate revenue amounts expressed in this section are in absolute figures (i.e., not expres… |
| MOBILINK-MICROFINANCE-BANK-LIMITED |
MOBILINK-MICROFINANCE-BANK-LIMITED |
62%
|
one of the highest unbanked population rates across the world. JazzCash, the country’s leading mobile finance platform accessible to users of all operators on feature and smartphones and Mobilink Mic… |
| NATIONAL-INFORMATION-TECHNOLOGIES-JOINT-STOCK-CO |
NATIONAL-INFORMATION-TECHNOLOGIES-JOINT-STOCK-CO |
62%
|
l clients, including other digital operators within the VEON Group. QazCode develops digital assets and contributes to the region's growth. As part of this strategy, KazLLM, the first large-scale lan… |
| NATIONAL-TOWER-INFRASTRUCTURE-LLC |
NATIONAL-TOWER-INFRASTRUCTURE-LLC |
62%
|
. Beeline provides mobile telecommunications services through both postpaid and prepaid plans. As of December 31, 2025, approximately 86% of our users in Uzbekistan were utilizing prepaid plans. In U… |
| NEO-PSP-LTD |
NEO-PSP-LTD |
62%
|
B digital products to business clients. Financial Services Bangladesh Bank has granted a No Objection Certificate (“ NOC ”) to NEO PSP Ltd. to operate a payment service business. NEO PSP Ltd. is a su… |
| OLX-GROUP |
OLX-GROUP |
62%
|
ience, making it a preferred choice for digital entertainment in the region. As of December 31, 2025 BeeTV had approximately 1.0 million monthly monthly active users representing a 5.3% increase YoY,… |
