VEON, a leading global provider of connectivity and internet services headquartered in Amsterdam and serving more than 240 million customers, announces that Kyivstar, its wholly-owned and market-leading subsidiary in Ukraine, has secured one of three licenses to provide nationwide 4G/LTE services, subject to final regulatory approvals. Kyivstar will pay UAH 0.9 billion (approximately USD 32.2 million) for 2x15 MHz of contiguous frequency in the 2600 MHz band.
Jean-Yves Charlier, Chief Executive Officer of VEON, commented: "We are delighted that Kyivstar has secured 4G/LTE spectrum enabling the provision of nationwide high-speed mobile data coverage. The acquisition of this spectrum demonstrates our ongoing commitment to our customers in Ukraine by allowing them to enjoy latest digital services and connectivity."
The Company looks forward to the upcoming 4G/LTE license tender in 1800 MHz band in Ukraine. The 1800 MHz band with 4G/LTE capability will allow Kyivstar to increase the geographical coverage of its high-speed data network in Ukraine.
Source: http://markets.businessinsider.com/news/stocks/Kyivstar-Secures-4G-LTE-License-1014663737