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Kyivstar and VEON Partner with Ministry of Economy, Environment and Agriculture of Ukraine to Accelerate AI Infrastructure and Digital Economy Growth

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  • Kyivstar Group Ltd., VEON, and Ukraine's Ministry of Economy signed a Memorandum of Understanding (MOU) on June 26, 2026, at the Ukraine Recovery Conference in Gdańsk, Poland.
  • The initiative aims to fast-track digital infrastructure development, enable scalable AI adoption, & support sustainable long-term economic growth in Ukraine.
  • A key component of the collaboration is the exploration of a sovereign, AI-ready data center to ensure critical data processing & storage remain within Ukraine.
  • The proposed facility targets sensitive sectors including public administration, financial services, defense technology, & research and development to enhance national security.
  • Minister Oleksii Sobolev emphasized that domestic AI infrastructure strengthens Ukraine's technological independence & supports modernization of both public & private sectors.
  • President Oleksandr Komarov stated that Kyivstar intends to fund the project within existing capital expenditure plans while maintaining capital allocation discipline.
  • VEON CEO Kaan Terzioglu noted that sovereign AI infrastructure aligns with the group's AI1440 strategy to augment human capabilities & create economic value.
  • Hosting the data center locally will minimize data transmission latency, which is critical for real-time services, robotic systems, & industrial facilities.
  • The project requires long-term investment, advanced technical expertise, & a reliable energy supply, with VEON providing financial support & global expertise.
  • Kyivstar serves over 22 million mobile customers & 1.2 million home internet customers as of March 31, 2025, & is a subsidiary of Nasdaq-listed Kyivstar Group Ltd.
  • VEON operates across five countries with over 150 million connectivity customers & 228 million digital users under its Nasdaq ticker VEON.