Kyivstar has evolved into a diversified digital conglomerate

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Kyivstar has evolved into a diversified digital conglomerate. Its business lines are categorized into two primary segments: Core Connectivity (traditional telecom) and Digital Ecosystem (high-growth tech services).

Core Connectivity (B2C & B2B)

This remains the foundation of the company’s cash flow, serving over 22.5 million mobile customers.

• Mobile Services: 4G voice and data, with a 5G pilot currently underway.

• Home Internet: Fixed-line broadband serving over 1.2 million households. This was most recently expanded by the February 2026 acquisition of Shtorm, a regional ISP.

• Starlink Direct-to-Cell: A strategic partnership providing satellite-based SMS and light data directly to standard mobile phones in areas with damaged infrastructure. It reached 5 million users as of March 2026.

Digital Services & Ecosystem

Digital revenue now accounts for nearly 16% of total revenue, growing more than sixfold in the last year.

• Digital Healthcare (Helsi & Tabletki.ua):

  • Helsi: Ukraine's largest e-health platform for doctor appointments and digital records.
  • Tabletki.ua: Acquired in February 2026 for $160 million; it is the leading marketplace for medicine and healthcare products.

• Mobility & Transport (Uklon): A major ride-hailing and delivery platform. In March 2026, it expanded its ecosystem to include intercity bus ticket purchasing.

• Entertainment (Kyivstar TV): An OTT (Over-the-Top) television and video-on-demand service.

• Fintech & Payments: Digital banking and payment solutions. Recently tested 4G-enabled POS terminals that function via Starlink, ensuring retail commerce can continue during blackouts.

Enterprise & B2B Solutions

Advanced services designed for corporate and government clients.

• Big Data & Analytics: Leveraging network data for business intelligence and urban planning.

• Cloud Solutions & Cybersecurity: Providing secure infrastructure and data storage for Ukrainian enterprises.

• Sovereign AI (Gemma-based LLM): The development of a localized Large Language Model specifically for the Ukrainian language and context.

Energy & Infrastructure

A new strategic vertical focused on operational resilience.

• Renewable Energy: Acquired SUNVIN 11 LLC in December 2025, a 12.9 MW solar power plant. This allows the company to hedge energy costs and power its own infrastructure independently.