Kyivstar, Ukraine’s largest mobile operator, has signed an agreement to acquire 100% of the shares of the digital medical goods service Tabletki.ua (MTPC LLC) for the hryvnia equivalent of $160 million, according to a press release issued by the company on Tuesday.
“We will be able to combine Kyivstar’s successful experience in digital business management and development with Tabletki.ua’s strong foundation to make digital medical services more accessible to a wider audience and ensure the best convenience for everyone,” said Kyivstar President and CEO Alexander Komarov.
Kyivstar Group shares on the Nasdaq rose 2% on Tuesday to $2.5 per share.
According to YouControl, the owners of MTPC LLC are Alexander, Natalia, and Yevgeny Muravshchiki (23%, 23%, and 10%, respectively), Yuri Savin (20%), Vladimir Osmachko (15%), and Vadim Rogatinsky (9%).
In its presentation of the deal, Kyivstar pointed to potential synergies with other businesses in its group: the development of a digital health ecosystem, the enrichment of mobile data to increase user engagement and accessibility.
“Synergy between Kyivstar (telecommunications company), Helsi (largest provider of SaaS services in the field of electronic health), Uklon (delivery), and Tabletki.ua (leading market for medicines) to provide significant benefits to customers,” the document says.
It is noted that the service cooperates with more than 14,000 pharmacies throughout Ukraine and, according to 2025 data, provided 14 million online orders per month.
The operator specified that, according to unaudited management reports, Tabletki.ua’s EBITDA profit grew by 34% to UAH 755 million in the first nine months of 2025, while in 2024 it grew by 86% to UAH 810 million.
In dollar terms, EBITDA increased by 29% over nine months to $18 million, compared to 69.4% in 2024 to $20 million.
The company’s net profit for the first nine months of last year amounted to UAH 682 million ($16 million) compared to UAH 707 million ($17.6 million) for the whole of last year, while the total value of goods (GMV – gross merchandise value) booked through the platform amounted to UAH 43 billion ($1.034 billion) and UAH 45 billion ($1.056 billion), respectively. According to the presentation, 85% of the company’s revenue comes from transactions and subscriptions, while another 12.2% comes from advertising.
Kyivstar specified that as of the end of September 2025, the 12-month (LTM) GMV was UAH 57.3 billion ($1.191 billion), EBITDA was UAH 1 billion ($24 million), and net profit was UAH 836 million ($20 million).
Thus, Tabletki.ua’s EV/EBITDA ratio was 6.7 times, and its P/E ratio was 8 times. In 2025, Kyivstar closed a deal to acquire 97% of Uklon’s corporate rights for $155.2 million, with the EV/EBITDA multiple of that deal being approximately the same.
As reported, at the end of January this year, the Antimonopoly Committee of Ukraine (AMCU) allowed Kyivstar to acquire control over the Tabletki.ua service, although Kyivstar submitted its first application to acquire MTPC back in November 2024.
In the third quarter of 2025, Kyivstar received EBITDA of UAH 7.1 billion, which is 21.5% more than in the third quarter of 2024, and in dollars, the growth was 20.4% – to $171 million.
