VEON and Kyivstar Reach Over 3 Million Users for Starlink Satellite Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Newsfilter
- Significant User Growth: Since its launch on November 24, 2025, Kyivstar's Starlink satellite connectivity service has surpassed 3 million users, representing over 10% of its mobile subscribers, indicating strong demand and user acceptance in the Ukrainian market.
- Enhanced Communication Efficiency: Over 1.2 million SMS messages have been successfully delivered via satellite connectivity, particularly vital in Ukraine's southern and eastern regions, ensuring communication continuity during critical times and reinforcing VEON and Kyivstar's market position locally.
- Strong Technology Accessibility: The Starlink Direct to Cell service is available free of charge to approximately 15.5 million 4G smartphone users on the Kyivstar network, allowing seamless access without device modifications, significantly enhancing service accessibility and user experience.
- Future Investment Plans: VEON and Kyivstar intend to invest $1 billion in Ukraine from 2023 to 2027 in infrastructure and technological development, demonstrating a strong commitment to the region's digital future and aiming to meet the growing demand for digital connectivity.
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Analyst Views on KYIV
Wall Street analysts forecast KYIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KYIV is 17.75 USD with a low forecast of 17.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.050
Low
17.00
Averages
17.75
High
20.00
Current: 12.050
Low
17.00
Averages
17.75
High
20.00
About KYIV
Kyivstar Group Ltd is a United Arab Emirates based telecommunications Company. The Company and its subsidiaries provide services across mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, and digital TV. Cohen Circle Acquisition Corp I is a subsidiary of the Company, and its parent is VEON Amsterdam BV.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kyivstar Group Prices Public Offering of 12.5M Shares
- Public Offering Pricing: Kyivstar Group, through VEON Amsterdam B.V. and other selling shareholders, priced a public offering of 12.5 million shares at $10.50 each, reflecting market confidence and strong investor interest in the company.
- Underwriter Option: The underwriters have a 30-day option to purchase an additional 1.875 million shares, enhancing market liquidity and providing flexibility for future financing opportunities.
- Closing Timeline: The offering is expected to close on February 2, 2026, marking a significant step for Kyivstar in the capital markets that could provide essential funding for future growth initiatives.
- Investment Opportunities: Kyivstar's 90% gross profit margin in the Ukrainian telecom sector and its investment in a Ukrainian solar power company indicate a strategic focus on sustainable and high-margin business areas, strengthening its competitive position in the market.
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Kyivstar Group Announces Pricing of 12.5 Million Share Public Offering
- Public Offering Pricing: Kyivstar Group announced a public offering of 12.5 million common shares at a price of $10.50 per share, indicating stable market demand and expected capital inflow to support future growth.
- Underwriter Option: Selling shareholders granted underwriters a 30-day option to purchase an additional 1.875 million shares, enhancing liquidity and potentially boosting investor confidence in Kyivstar's stock.
- Underwriter Lineup: Morgan Stanley, Barclays, Cantor, and Rothschild are acting as joint book-running managers, reflecting strong market recognition and enhancing Kyivstar's credibility in the capital markets.
- Future Investment Plans: Kyivstar and VEON plan to invest $1 billion in Ukraine from 2023 to 2027, aiming to drive long-term growth through infrastructure and technological development, demonstrating commitment to the Ukrainian market.
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