Kyivstar has invested UAH 6 billion in communications in 2023

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Despite the daily challenges of wartime, national telecom operator Kyivstar continues to provide Ukraine with communications and increases investments in the digital future. In 2023, Kyivstar’s capital expenditures increased by 6.8% to UAH 6.364 billion (USD 163.9 mln). The company also paid taxes and duties totaling UAH 10.8 billion (USD 278.2 mln).

Kyivstar’s performance during the war

Kyivstar continues to support the country by providing its subscribers with vital communication and Internet services. Almost 100% of the company’s telecom network in the government-controlled territory is operating as usual. In 2023, Kyivstar team restored communication in 190 settlements with more than 112 thousand people and built 1000 new base stations for the 4G network. Another 4000 base stations were modernized to increase the speed of mobile Internet. Currently, the telecom operator’s 4G network covers 95% of Ukraine’s population.

The development of new mobile technologies and increased 4G network coverage affected the consumption of mobile Internet services. In Q4 2023, Kyivstar subscribers used mobile Internet by 9.6% more than in Q4 2022. The number of subscribers using high-speed mobile Internet increased by 8.8% compared to Q4 2022 to 14.3 million. Today, about 60% of Kyivstar subscribers receive services on the 4G network.

The total number of Kyivstar mobile subscribers in Q4 2023 decreased by 3.4% to 23.9 million compared to Q4 2022 as a result of the war factors, such as migration outside the country and temporary occupation of a number of settlements. Kyivstar continues to provide its subscribers with Roaming at Home service, which allows them to stay connected in 27 European countries using home tariff plans.

In 2023, the company increased its capital investments by 6.8% compared to 2022 to UAH 6.364 billion, the highest amount of capital expenditures in the last three years. The development of Ukraine’s digital future is a constant focus of the company, which plans to allocate more than USD 600 million over the next three years.

The company’s total revenue in Q4 2023 decreased by 3.3% to UAH 7.9 billion compared to Q4 2022 due to a number of negative factors, including an unprecedented cyberattack on Kyivstar’s network in December 2023. The company has canceled one tariff fee for all mobile and fixed-line users as a sign of gratitude to subscribers for their support.

Kyivstar continues to support important social projects, such as providing protective equipment to the Armed Forces of Ukraine, purchasing medical equipment to treat people with severe burns, connecting shelters to the Internet, etc. The company is a conscientious taxpayer to the budget of Ukraine, and in 2023 paid taxes and duties in the amount of over UAH 10.8 billion.

Київстар відновив фіксований інтернет в деокупованих містах

Kyivstar performance in Q4 2023 and for the whole year compared to the same period in 2022

Financial and operational indicators (UAH million) 4Q 2023 4Q 2022 4Q 2023/

4Q 2022

12 months 2023 12 months 2022 12 months 2023/2022
Total operating income 7 921 8 192 (3,3%) 33 588 31 092 8,0%
EBITDA 4 228 4 484 (5,7%) 19 775 18 301 8,1%
EBITDA margin 53,4% 54,7% (1.4 p.p.) 58,9% 58,9% 0%
Capital expenditures*. 2 573 2 453 4,9% 6 364 5 960 6,8%
Mobile communication
Total operating income 7 364 7 660 (3,9%) 31 397 29 014 8,2%
Including data transmission services 4 566 4 400 3,8% 18 528 16 837 10,0%
Subscribers (mln) 23,9 24,8 (3,4%)
Including mobile Internet 17,7 17,5 0,9%
Including 4G subscribers 14,3 13,1 8,8%
ARPU (UAH) 102 103 (1,4%)
MOU (min.) 537 563 (4,5%)
Data usage (GB/subscriber) 9,9 9,0 9,6%
Fixed connection
Total operating income 476 470 1,3% 1 922 1 879 2,3%
Operating income of the broadband service provider 332 290 1 311 1 127
Broadband subscribers (mln) 1,1 1,1 (0.4%)
ARPU of broadband access (UAH) 98 86 14.2%

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