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In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink Direct-to-Cell Satellite Connectivity to Kyivstar Customers

Dubai and Kyiv, 30 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (鈥淰EON鈥� or 鈥淰EON Group鈥�), today announces that Kyivstar, its digital operator in Ukraine, has signed an agreement with Starlink, a division of SpaceX, to introduce groundbreaking direct-to-cell satellite connectivity in Ukraine.

Upon its launch, the service will make Ukraine one of the first countries to have the game-changing Starlink direct-to-cell service, enhancing the resilience of the country鈥檚 connectivity landscape. Kyivstar anticipates launching Starlink direct-to-cell services with SMS and OTT messaging functionality in the fourth quarter of 2025 for Kyivstar customers, and plans to expand to voice and data in later stages.

鈥淜yivstar has done a tremendous job in investing in Ukraine鈥檚 4G connectivity, expanding coverage to remote areas and increasing the energy resilience of its network. Today鈥檚 announcement helps us take our commitment to Ukraine鈥檚 connectivity to the next level, exponentially amplifying the resilience of our services with satellite connectivity. We are excited to work with Starlink to make Ukraine one of the leading countries in the world to have direct-to-cell services, and we look forward to exploring the opportunities across our markets that are home to 520 million people,鈥� said Kaan Terzioglu, VEON Group CEO. 听听

鈥淜yivstar has been the backbone of Ukraine鈥檚 resilience throughout the war, and we are committed to leaving no stone unturned to keep Ukraine connected. 听Our collaboration with Starlink is a game-changer in our journey towards achieving our 鈥楲TE everywhere鈥� ambition. We are humbled to be the operator that serves its customer with exceptional services, and the company that brings the invaluable capabilities of global technology giants to the people of Ukraine through our international partnerships,鈥� said Oleksandr Komarov, Kyivstar CEO.

With its dedication to expanding 4G coverage to remote areas of Ukraine and maintaining the resilience of connectivity and digital services during energy blackouts, Kyivstar has invested significantly in its 4G network, spectrum and energy redundancy since the beginning of the war.听 With access to Starlink direct-to-cell technology, Kyivstar customers will benefit from satellite-powered connectivity even when the terrestrial network is unable to service an area.

VEON, Kyivstar鈥檚 parent company, has invested more than USD 10 billion in Ukraine since 2013 and has committed USD 1 billion to the country鈥檚 recovery and reconstruction from 2023 through 2027. VEON, through Kyivstar, was named the top international investor in Ukraine for 2022 and 2023 by Forbes Ukraine and NV Ukraine.

鈥淰EON鈥檚 pioneering spirit has always put us at the forefront of serving the underserved in frontier markets. Working with Starlink, we will now leverage space technology to bridge the connectivity gaps to extend our reach far beyond the current 160 million people we serve. This agreement marks a transformative year for VEON, from relocating our headquarters to Dubai to focusing all our trading on Nasdaq in New York and ultimately to reinforcing our commitment to innovation and growth in the regions that need it the most鈥� said Augie K Fabela II, Chairman and Founder of VEON.

About Kyivstar
Kyivstar is the largest telecoms operator in Ukraine with over 23 million mobile subscribers and over 1 million home internet subscribers. As Ukraine鈥檚 market-leading operator, the company has maintained network availability of above 90% on average since February 2022, supporting the connectivity of not only its own customers but also the broader Ukrainian population. Kyivstar is 100% owned by the VEON Group.

About VEON
VEON is a Nasdaq-listed digital operator headquartered in Dubai that provides connectivity and digital services to nearly 160 million customers.听Operating across six countries that are home to more than 7% of the world鈥檚 population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit:听

About Starlink Direct to Cell
As the world鈥檚 leading provider of launch services, SpaceX is leveraging its deep experience with both spacecraft and on orbit operations to deploy and operate the world鈥檚 most advanced constellation of satellites to provide connectivity globally, including directly to most cellular devices. Starlink satellites with Direct to Cell capability have an advanced eNodeB modem onboard that acts like a cellphone tower in space, allowing network integration similar to a standard roaming partner. Direct to Cell enables connectivity in remote regions, providing peace of mind when customers need it most. Direct to Cell works with existing LTE phones wherever you can see the sky. No changes to hardware, firmware, or听special apps are required, providing seamless access to text, voice, and data. Learn more at 听Follow Starlink on X

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This release contains 鈥渇orward-looking statements鈥�, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON鈥檚 technology strategy, commercial plans and partnerships. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. 听

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Hande Asik听
Group Director of Communication听and Strategy

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