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VEON's Kyivstar Reaches 3.0 million Customers with Starlink Direct to Cell Services

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Dubai and Kyiv, January 15, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), tod...

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AI Summary

VEON's Kyivstar reaches 3 million Starlink users, 10% of mobile subscribers. 1.2 million SMS messages delivered via satellite since November 2025 launch. Starlink Direct to Cell vital for connectivity in Ukraine's southern regions. VEON plans $1 billion investment in Ukraine for tech and infrastructure. Beeline Kazakhstan tests satellite service, aiming for SMS rollout in 2026.

Sentiment Rationale

The rapid growth of Starlink users enhances VEON's market position in Ukraine. Historical examples show that technological innovation can lead to significant stock price increases.

Trading Thesis

Investment in infrastructure and technology will drive sustained growth in the coming years. Similar initiatives in tech sectors often result in long-term competitive advantages.

Market-Moving

  • VEON's Kyivstar reaches 3 million Starlink users, 10% of mobile subscribers.
  • 1.2 million SMS messages delivered via satellite since November 2025 launch.
  • Starlink Direct to Cell vital for connectivity in Ukraine's southern regions.

Key Facts

  • VEON's Kyivstar reaches 3 million Starlink users, 10% of mobile subscribers.
  • 1.2 million SMS messages delivered via satellite since November 2025 launch.
  • Starlink Direct to Cell vital for connectivity in Ukraine's southern regions.
  • VEON plans $1 billion investment in Ukraine for tech and infrastructure.
  • Beeline Kazakhstan tests satellite service, aiming for SMS rollout in 2026.

Companies Mentioned

  • KYIV (KYIV)
  • KYIVW (KYIVW)

Corporate Developments

The article discusses significant user growth and future investments that directly affect VEON's market outlook.

VEON's Kyivstar Surpasses 3 Million Users for Starlink Direct to Cell Services

Date: January 15, 2026

Dubai and Kyiv, January 15, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator, has announced that its subsidiary, Kyivstar (Nasdaq: KYIV; KYIVW), has successfully registered over 3.0 million users for its Starlink Direct to Cell satellite connectivity services. This development represents more than 10% of the total mobile subscribers on the Kyivstar network.

Key Milestones Since Launch

Since the service launched on November 24, 2025, more than 1.2 million SMS messages have been transmitted using satellite connectivity. The technology has proven invaluable, particularly in Ukraine's southern and eastern regions, highlighting VEON's and Kyivstar's commitment to providing resilient communication solutions amid challenging circumstances.

  • 3.0 million: Registered users on Direct to Cell services.
  • 10%: Percentage of Kyivstar’s mobile subscribers using the service.
  • 1.2 million: SMS messages delivered via satellite since launch.

Expanding Connectivity Across Ukraine

The satellite technology has seen the most extensive use in five major cities: Kyiv, Lviv, Vinnytsia, Khmelnytskyi, and Dnipro. Kaan Terzioğlu, VEON Group CEO and Executive Chairman of Kyivstar, stated, "The rapid adoption of Starlink Direct to Cell services by Kyivstar subscribers demonstrates the critical importance of enhancing Ukraine’s resilience and our customers’ appreciation for the availability of satellite-based connectivity."

Terzioğlu further noted, "We will continue to lead the way in providing innovative services that Ukraine needs to build its digital future and in meeting the ever-growing demand of our customers for digital connectivity."

Accessibility and Future Plans

The Starlink Direct to Cell service is available free of charge to all 4G smartphone users on the Kyivstar network, which encompasses approximately 15.5 million subscribers. It operates seamlessly without requiring any modifications to device settings, as long as users have a clear line of sight to the sky.

Additionally, VEON’s Beeline Kazakhstan has successfully tested Starlink Direct to Cell services, marking a significant step forward. Following these successful trials, Beeline Kazakhstan plans to roll out Starlink Direct to Cell connectivity for its customers beginning with SMS services in 2026, contingent on regulatory approval.

About VEON and Kyivstar

VEON is a digital operator providing connectivity and digital services to nearly 150 million users globally. The company operates in five countries, which represent over 6% of the world's population, aiming to enhance lives through technology-driven services.

Kyivstar Group Ltd. operates as Ukraine’s leading digital operator and intends to invest USD 1 billion in Ukraine from 2023 to 2027. This investment will focus on infrastructure development, technology enhancement, and strategic acquisitions.

Starlink Direct to Cell Overview

Starlink Direct to Cell is the world's largest satellite constellation, featuring over 650 satellites in low-Earth orbit. This innovative service provides seamless data, voice, video, and messaging functionality across previously unreachable mobile dead zones, connecting more than 12 million customers globally.

For more information on VEON and its services, visit veon.com or for details on Kyivstar, visit investors.kyivstar.ua.

Contact:
Hande Asik
Chief Strategy and Communications Officer
pr@veon.com

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