Kyivstar, a privately owned company headquartered in Ukraine, was founded in 1994 and employs approximately 2,610 individuals. The company specializes in telecommunications services, providing communication services and data transmission.
Ukraine is considering a one-percentage-point increase in VAT to help establish a First Loss Fund, aiming to support war-risk insurance for businesses, as discussed at the European Business Association’s “Global Outlook: The Next Economy” conference on September 16, 2026. This broader initiative follows a recent incident on September 11, when a Russian drone strike damaged Kyivstar's engineering office. A September 16 report noted that the European telecom sector faces the challenge of defending networks, expanding fiber, and keeping customers connected during crises, with the Kyivstar incident serving as a sharp reminder. On September 14, the Russian Defense Ministry confirmed that its drones struck the building of mobile phone operator Kyivstar, among other Ukrainian military positions and infrastructure. Kyivstar confirmed that its engineering office in Kyiv sustained damage in the September 11 drone attack, which also targeted gas stations across the capital, resulting in two fatalities and nine injuries. The Ukrainian operator stated that no employees were injured in the strike, prioritizing "The safety and well-being of Kyivstar's people."
Kyivstar offers 5 products in the media and telecoms services industry. Kyivstar's product portfolio comprises of telecoms, consumer electronics and media and TV services.
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