The Latest: Ukrainian telco Veon has unveiled its plans to invest USD600mn through Kyivstar over the next three years to expand its mobile and fibre services in the country, with the aim to cover 98 of the population with 4G by 2026. Veon also added that the investment will lead to a 5G-focused reconstruction of mobile infrastructure. Implications: The move shows the operator is committed to the market as part of Ukraine’s recovery following significant infrastructure and revenue losses caused by service interruptions and infrastructure damage during the ongoing war. The environment remains challenging to investors and the National Bank of Ukraine (NBU) is working to push measures aimed at stimulating investment that will help operators including Veon with improving FX stability.
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