Kyivstar Plans to Acquire Up to 10 Companies: Key Investment Areas

The largest Ukrainian mobile operator, Kyivstar, is actively considering the possibility of entering into around ten new mergers and acquisitions. This was reported by the company’s top manager, Oleksandr Komarov, who noted that the primary focus is on developing the telecommunications business, digital services, and alternative energy.

This is reported by AgroReview

Priority Investment Areas

According to Komarov, among the most promising areas for investment, the company highlights financial technologies (fintech) and e-commerce. Kyivstar also plans to develop the existing verticals in its portfolio – digital health and modern mobility.

“The two most attractive sectors from the perspective of a digital operator are fintech and e-commerce,” added Komarov.

Key Company Investments Since 2022

In 2022, Kyivstar made its first major acquisition during the full-scale war, choosing the medical online service Helsi. Three years later, the operator acquired the taxi service Uklon, and recently, for the first time, invested in alternative energy by adding the solar power plant “Sanvin 11” to its assets.

Komarov emphasized that if an attractive asset with a reasonable valuation that aligns with the company’s strategy becomes available, there will be no financial constraints on investments. At the same time, he acknowledged the existence of a “war discount” when valuing such assets.

From 2023 to the third quarter of 2025, Kyivstar has invested approximately $880 million, with nearly 20% of this amount directed towards acquiring new businesses. The main shareholder of the company is the international group Veon, whose shares are listed on the American stock exchange Nasdaq in New York.