VEON .(US:VEON) Globenewswire·2025-12-16 09:00Core Insights - VEON Ltd. announces that Kyivstar has acquired 100% of LLC SUNVIN 11, adding 12.9 MW of solar generation capacity to its energy resilience investments [1] - This acquisition marks Kyivstar's first investment in renewable energy, contributing to Ukraine's national grid [1][2] - The investment is part of a broader commitment by Kyivstar and VEON to invest USD 1 billion in Ukraine from 2023 to 2027 [4] Company Developments - The acquisition will enhance Kyivstar's operational and financial stability by partially hedging against energy cost volatility [2] - The solar facility is expected to improve Kyivstar's overall carbon footprint [2] - CEO Oleksandr Komarov emphasizes that this investment supports the development of renewable energy in Ukraine and enhances service reliability for customers [3] Strategic Goals - The investment aligns with Kyivstar's and VEON's strategy to bolster energy resilience and connectivity in Ukraine [4] - The company plans to invest in various sectors, including infrastructure, technological development, and innovative digital businesses [5] - VEON operates across five countries, providing services to nearly 150 million connectivity users and 120 million digital users [6]