Infra
VEON to increase investment to rebuild Ukraine’s digital infrastructure to $1 billion – ET Telecom
![VEON to increase investment to rebuild Ukraine’s digital infrastructure to billion – ET Telecom VEON to increase investment to rebuild Ukraine’s digital infrastructure to billion – ET Telecom](https://etimg.etb2bimg.com/thumb/msid-110888628,imgsize-99604,width-1200,height=765,overlay-ettelecom/industry/veon-to-increase-investment-to-rebuild-ukraines-digital-infrastructure-to-1-billion.jpg)
VEON, the owner of Ukraine‘s largest mobile network Kyivstar, said on Monday it would increase its financial commitment to rebuild Ukraine’s digital infrastructure to $1 billion.
The global digital operator plans the investment over a five year period from 2023 to 2027, channelled through VEON’s wholly-owned subsidiary Kyivstar, marking an increase from its previous $600 million investment commitment.
“The commitment will fund investments into network and digital services, including potential acquisitions or the development of new assets, social contributions and partnerships,” VEON said in a statement.
In December 2023, Kyivstar was targeted by what appeared to be the largest cyber attack since Russia’s invasion of Ukraine in February 2022. Last month the company said it lost 3% of annual growth caused by the cyber attack.
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