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Dmytro Kazantsev Dmytro has more than 5 years of experience in journalism, writes SEO texts, as well as articles about IT business, economy, startups. He is fond of science pop, jazz and cinema.
As Oleksandr Komarov, the company’s president, stated in an interview with the Mind publication, as of October 20, the market capitalization of the Kyivstar company had grown to $3.13 billion, which indicates the successful results of the listing on the stock exchange.
Before the full-scale invasion, the company concluded an agreement with the American SPAC company Cohen Circle Acquisition Corp., within which the value of “Kyivstar” was estimated at $2.3 billion. Although the value of the company’s shares is currently fluctuating, it exceeds the original expectations laid down in the agreement. The stock is currently trading at around $12.
Nasdaq trading opening ceremony; photo from thedigital.gov.ua website“If we comment on the half-year results, there are several trends. If we remove the company’s result of the large-scale customer loyalty program “Kyivstar”, which we made after the cyber attack in December 2023, then our real (organic) growth is 18% year on year. If we look at the profit before taxation, then the growth of “Kyivstar” is 14%. But we already have a long-term trend of gradual decline business profitability,” said the CEO of Kyivstar.
According to him, the company’s operating expenses and expenses related to the war, increasing the energy stability of the network are increasing significantly. “If we add the purchased Uklon service, which began to be consolidated from the II quarter of 2025, to the announced figures, then we grew by 23% in revenue and by 17% in profit before taxation,” said Komarov.
To the question of whether the fact that the sanctioned Russian Mykhailo Fridman indirectly owns almost 38% of the company affects the quotations, Oleksandr Komarov answered the following: “All that has been said does not affect our stock quotations. In December 2024, all arrests were removed from the company, and this whole story is behind us. In order to become a public company, one must meet extremely high and strict standards compliance, because the Nasdaq exchange does not allow discredited players.”
Oleksandr Komarov, president of the Kyivstar company; photo: MindAlso, the head of the largest Ukrainian mobile operator said that three possible directions of inorganic development were declared in the development strategy.
The company is looking at assets in the main line of business — telecom. Currently, these are two types of assets: infrastructure (for example, Ukrainian Tower Company) and operators providing fixed Internet services for households.
“Inorganic that will help us transform Kyivstar from a telecom operator to a digital services operator with a telecom license. We would like to increase our presence in mobility. We are also interested in e-commerce verticals, fintech, as well as the digital advertising segment,” concluded the company’s president Oleksandr Komarov.
As we wrote earlier, “Kyivstar” is considering the possibility of investing in the largest Ukrainian provider of cloud solutions, GigaCloud. The mobile operator has already submitted an application to the Antimonopoly Committee to purchase a share of the GigaCloud provider. According to media reports, “Kyivstar” is going to acquire 80% of GigaCloud’s shares.
We will remind you that in the first half of 2025, the operator “Kyivstar” increased its turnover by 36.1% compared to the same period last year – up to UAH 22.6 billion. In the II quarter, sales reached UAH 11.9 billion, which is 25.8% more than in the II quarter of 2024.
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”, — write: www.pravda.com.ua
Dmytro Kazantsev Dmytro has more than 5 years of experience in journalism, writes SEO texts, as well as articles about IT business, economy, startups. He is fond of science pop, jazz and cinema.
As Oleksandr Komarov, the company’s president, stated in an interview with the Mind publication, as of October 20, the market capitalization of the Kyivstar company had grown to $3.13 billion, which indicates the successful results of the listing on the stock exchange.
Before the full-scale invasion, the company concluded an agreement with the American SPAC company Cohen Circle Acquisition Corp., within which the value of “Kyivstar” was estimated at $2.3 billion. Although the value of the company’s shares is currently fluctuating, it exceeds the original expectations laid down in the agreement. The stock is currently trading at around $12.
Nasdaq trading opening ceremony; photo from thedigital.gov.ua website“If we comment on the half-year results, there are several trends. If we remove the company’s result of the large-scale customer loyalty program “Kyivstar”, which we made after the cyber attack in December 2023, then our real (organic) growth is 18% year on year. If we look at the profit before taxation, then the growth of “Kyivstar” is 14%. But we already have a long-term trend of gradual decline business profitability,” said the CEO of Kyivstar.
According to him, the company’s operating expenses and expenses related to the war, increasing the energy stability of the network are increasing significantly. “If we add the purchased Uklon service, which began to be consolidated from the II quarter of 2025, to the announced figures, then we grew by 23% in revenue and by 17% in profit before taxation,” said Komarov.
To the question of whether the fact that the sanctioned Russian Mykhailo Fridman indirectly owns almost 38% of the company affects the quotations, Oleksandr Komarov answered the following: “All that has been said does not affect our stock quotations. In December 2024, all arrests were removed from the company, and this whole story is behind us. In order to become a public company, one must meet extremely high and strict standards compliance, because the Nasdaq exchange does not allow discredited players.”
Oleksandr Komarov, president of the Kyivstar company; photo: MindAlso, the head of the largest Ukrainian mobile operator said that three possible directions of inorganic development were declared in the development strategy.
The company is looking at assets in the main line of business — telecom. Currently, these are two types of assets: infrastructure (for example, Ukrainian Tower Company) and operators providing fixed Internet services for households.
“Inorganic, which will help us transform Kyivstar from a telecom operator to a digital services operator with a telecom license. We would like to increase our presence in mobility. We are also interested in the verticals of e-commerce, fintech, as well as segment of digital advertising,” concluded Oleksandr Komarov, the company’s president.
As we wrote earlier, “Kyivstar” is considering the possibility of investing in the largest Ukrainian provider of cloud solutions, GigaCloud. The mobile operator has already submitted an application to the Antimonopoly Committee to purchase a share of the GigaCloud provider. According to media reports, “Kyivstar” is going to acquire 80% of GigaCloud’s shares.
We will remind you that in the first half of 2025, the operator “Kyivstar” increased its turnover by 36.1% compared to the same period last year – up to UAH 22.6 billion. In the II quarter, sales reached UAH 11.9 billion, which is 25.8% more than in the II quarter of 2024.
Read also: Ukrainians’ spending on mobile communications has increased by a third
“Kyivstar”, no one wants to receive meaningless notifications every day – blog
Apple is killing SIM cards: What is eSIM and why it’s so hot with the iPhone Air