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LONDON, June 21 (Reuters) - Telecoms company Veon (VON.AS) said on Wednesday it would invest $600 million in the infrastructure of its Ukrainian subsidiary Kyivstar, the war-ravaged country's largest mobile network. The Amsterdam-listed company said the funds would help upgrade the mobile operator's infrastructure, including improving connectivity and 4G services throughout Ukraine. The country has seen much of its mobile infrastructure hit by Russian rocket attacks. Kyivstar's technical teams have performed nearly 150,000 repairs since Russia invaded last year, Veon said, adding it ensured that 93% of the network is operational. Kyivstar has lost around 7% of its active customer base - or roughly 1.7 million subscribers - since the war started last February.
Persons: Veon, Oleksandr Komarov, Kyivstar, Komarov, Aleksander Torbakhov, Olivier Sorgho, Clarence Fernandez, Sherry Jacob, Phillips, Sharon Singleton Organizations: Reuters, Thomson Locations: Amsterdam, Ukraine, Russian, Russia, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKyivstar constantly rebuilding networks amid Russia-Ukraine war, CEO saysOleksandr Komarov, CEO of Kyivstar, says it's important for the international community to invest now to help rebuild the Ukrainian economy and infrastructure.
Persons: Oleksandr Komarov Locations: Russia, Ukraine
Zelenskyy has called the Russian attacks on infrastructure “energy terrorism” and vowed the assault won’t change the course of the war. People sit in a dark cafe during a blackout after Russian strikes Dec. 29 in Lviv, Ukraine. Company officials believe Russian engineers who know the vulnerable points in Ukraine’s electricity system most likely advised the Russian military on its targeting. Water and cellphonesThe attack on the country’s electricity grid has had a knock-on effect for other infrastructure, including water supplies and mobile phone service. Although the assault on Ukraine’s infrastructure hasn’t damaged Ukraine’s position on the battlefield or broken the country’s will to fight, it has inflicted “huge damage” on the economy, he said.
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