July 12, 2014 11:48 AM ET

Wireless Telecommunication Services

Company Overview of Joint Stock Company Kyivstar

Company Overview

Joint Stock Company Kyivstar designs, constructs, and operates a cellular telecommunication network that provides a range of mobile communication services to small and medium, as well as large enterprises, and private subscribers in Ukraine. It offers voice services, circuit of switched data and packet switched data services; and international calls, international SMS/MMS-exchange, account management, and roaming services. The company also provides entertainment services, such as D-Jingle for music and jokes, music and game portals, music and games subscription services, services of informational block, and content services; and sells telephony handsets and modems. In addition, the company o...

53, Degtyarivska Street

Kyiv,  03113

Ukraine

Founded in 1994

4,356 Employees

Key Executives for Joint Stock Company Kyivstar

Chief Executive Officer
Chief Financial Officer and Financial Director
Chief Accountant and Deputy Chief Financial Officer
Chief Security Officer
Deputy Chief Technical Officer
Compensation as of Fiscal Year 2014.

Joint Stock Company Kyivstar Key Developments

Kyivstar Decides to Close Down Affiliated Branches in Kyiv, Lviv, Odesa

At the meeting on June 13, 2014 the Management Board of Kyivstar, decided to close down affiliated branches in Kyiv, Lviv and Odesa. The decision is due to completion of the process of implementation of the new Kyivstar operating model and thereto related reorganisation of the regional structure.

Kyivstar Announces Executive Changes

VimpelCom Ltd. announced the appointment of Peter Chernyshov as CEO of its Ukrainian Business Unit, Kyivstar. Peter Chernyshov will succeed Igor Lytovchenko, the Kyivstar founder, who has decided to retire from the company after 20 years in the role of CEO. The appointment will take effect from June 25, 2014. Under Peter's leadership Kyivstar will continue its ongoing transformation process, maintaining the best network quality in the country, further improving customer service and delivering new and innovative products and services to its consumers. Peter Chernyshov has 12 years of international CEO experience and has a strong financial track record.

Kyivstar Announces Earnings Results for the First Quarter of 2014

Kyivstar announced earnings results for the first quarter of 2014. For the quarter, the company's Revenues declined by 7% year-on-year to UAH 2.942 billion. Mobile service revenue dropped by 6% to UAH 2.677 billion, primarily due to lower mobile voice revenue, partly offset by solid mobile data revenue growth of 15%. Fixed services revenue decreased by 2% to UAH 259 million. EBITDA fell 8% to UAH 1.43 billion, mainly due to lower mobile service revenue. Capital expenditure dropped by 9% to UAH 305 million.

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