The company "Kyivstar" has seen a significant increase in its capitalization after successfully listing on the American stock exchange Nasdaq. Despite challenges related to the war and geopolitical factors, the Ukrainian telecom operator continues to show positive results.

In an interview, President Oleksandr Komarov stated that as of October 20, Kyivstar's market capitalization reached $3.13 billion, indicating successful listing outcomes.

Prior to the full-scale invasion, the company entered into an agreement with the American SPAC firm Cohen Circle Acquisition Corp., which valued "Kyivstar" at $2.3 billion. Although the stock prices are currently fluctuating, they exceed initial expectations, trading around $12 at present.

Commenting on the semi-annual results, Komarov noted that excluding the results from the customer loyalty program implemented after the cyberattack in December 2023, the company's real (organic) growth stands at 18% year-on-year. Taxable profit has increased by 14%, although the business is experiencing a long-term trend of declining profitability.

Komarov highlighted that operational costs related to the war and network energy resilience are significantly rising. With the acquisition of the Uklon service, which will begin consolidation in Q2 2025, the company expects a revenue increase of 23% and a profit increase of 17%.

When asked about the impact of sanctioned Russian businessman Mikhail Fridman, who indirectly owns nearly 38% of the company, Komarov stated that this does not affect their stock quotes. All arrests were lifted in December 2024, and the company complies with high standards for public entities.

He also mentioned that the company is considering three potential directions for inorganic growth, focusing on telecommunications assets such as infrastructure companies and fixed internet service providers.

"Inorganic growth will help us transform "Kyivstar" from a traditional telecom operator to a provider of digital services. We aim to increase our presence in mobility, as well as in e-commerce, fintech, and digital advertising sectors," Komarov summarized.

As previously reported, "Kyivstar" is considering investing in GigaCloud, the largest Ukrainian cloud solutions provider, and has already submitted an application to the Antimonopoly Committee for purchasing an 80% stake.

In the first half of 2025, the operator "Kyivstar" increased its revenue by 36.1% compared to the same period last year, reaching 22.6 billion UAH. In Q2, revenue reached 11.9 billion UAH, which is 25.8% more than in Q2 2024.