Kyivstar’s parent company invests $1B in Ukraine.

The Dutch company VEON, the parent company of Kyivstar, the largest operator in Ukraine, plans to invest $1B in Ukraine within five years, VEON CEO Kaan Terzioglu said. The company announced plans to invest $600M over three years.

“However, we have to start thinking about a five-year perspective and a minimum of $1B in investment during that period,” he said.

It is noted that, first, investments will go to the restoration of the primary backbone network, data processing centers, and fiber optic infrastructure. These things will enable faster and more efficient deployment of 5G and open technologies in the country.

When asked when 5G from Kyivstar might appear in Ukraine, Terzioglu said: “The exact time will depend on many factors, but we have already begun to lay the groundwork for research and development through our international partnerships focused on Open RAN.”