Business news from Ukraine

Kyivstar invested UAH 200 million in Internet acceleration up to 1 Gbps

17 September , 2022  

The largest Ukrainian mobile operator Kyivstar has invested UAH 200 million in upgrading the Internet network to a speed of 1 Gbit / s and now it is available with such parameters in seven cities of Ukraine – Kyiv, Dnipro, Lvov, Starokonstantinov, Vladimir, Truskavets and Slavuta.
“In total, this year it is planned to cover 10 more cities with a gigabit network,” the company said in a statement on Friday.
According to him, over the past six months, Kyivstar has also expanded the Home Internet service to 355 new houses with more than 44,000 apartments.
This service has also become available in Dubno (Rivne region), and by the end of the year it will appear in five more cities, the release notes.
The company noted that the network damaged as a result of hostilities has already been completely repaired in the de-occupied territories in Chernihiv, Nizhyn, Irpen, Akhtyrka and in the cities that are under shelling – Krivoy Rog, Zelenodolsk. In addition, 99% of the network in Nikolaev, 94% in Kharkov and 81% in Nikopol are maintained in working order.
In addition, as part of social initiatives, the Internet was connected in 1279 bomb shelters and shelters, as well as in 442 modular houses for internally displaced persons.
The company plans to connect 6 more modular towns by the end of the year, as well as connect WI-FI in dozens of shelters in schools.
Kyivstar is the largest Ukrainian telecommunications operator. Provides communication and data transmission services based on a wide range of mobile and fixed technologies, including 3G. As of the middle of this year, its services were used by about 24.8 million mobile subscribers and more than 1 million fixed Internet customers.
Kyivstar’s shareholder is the international group VEON (formerly VimpelCom Ltd.). The group’s shares are listed on the NASDAQ (New York) stock exchange.

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