Kyivstar shareholders consider listing operator on stock exchange
Shareholders of the largest Ukrainian mobile operator Kyivstar are considering listing the operator's shares on the stock exchange, in particular the American Nasdaq, Bloomberg reported.
Last month Shah Capital Management Inc., one of Veon Ltd.’s shareholders, urged the company to list Kyivstar on the Nasdaq. It said Kyivstar has the potential of "being the sole Ukrainian investment theme on the US equity market," the report notes.
CEO of VEON Kaan Terzioglu previously said Veon is considering a listing for Kyivstar, identifying Kyiv, Warsaw and London as possible venues.
In an interview with Bloomberg on Thursday, Terzioglu said Veon was calling for an end to the war as casualties from Russia's ongoing invasion mount.
Ukrainians have "put on a big fight" and they deserve "a solution with dignity," Kaan Terzioglu said. "Every plane that takes off has to land at certain point. Every war has to stop," he said when asked about the consequences of Donald Trump’s election win in for Ukraine.
Russia’s war has hit crucial services such as telecommunications hard and Kyivstar, Veon’s Ukrainian subsidiary, faced cyberattacks that affected millions of users. Some of its employees have been killed and displaced in a war which has now been raging for nearly 1,000 days.
Now Trump’s victory has raised the prospect of an end to that war, Terzioglu said.
Kyivstar employees are trying hard to "keep the network on but families are fragmented, people are really struggling and we need to give hope back," Terzioglu said.
"And we need to reconstruct Ukraine," the CEO of VEON said.
It was previously reported that the revenue of the largest Ukrainian mobile operator Kyivstar in January-September 2024 increased by 4.7%, to UAH 26.86 billion, and in U.S. dollars decreased by 4%, to UAH 674 million.