Amsterdam, 6 March 2018- VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services headquartered in Amsterdam and serving more than 240 million customers, announces that Kyivstar, its wholly-owned and market-leading business in Ukraine, has acquired the following spectrum in the 1800 MHz band suitable for 4G/LTE:
- 25 MHz (paired) at UAH 1.325 billion (approximately USD 49 million); and
- two lots of 5 MHz (paired) at UAH 1.512 billion (approximately USD 56 million).
Following this acquisition, Kyivstar expects to have the largest amount of contiguous spectrum in both the 1800 MHz and 2600 MHz bands, which we believe will enable the company to increase the geographical coverage of its high-speed data network in Ukraine, further strengthening its position as market leader in the country.