Kyivstar Signs MoU with Ukraine’s Ministry of Economy to Accelerate AI Infrastructure and Digital Growth

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Initiative aims to fast-track digital infrastructure, unlock scalable AI adoption, and underpin sustainable long-term economic growth in Ukraine. Dubai, Kyiv, and New York, June 26, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator and the parent company of Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), today announced that Kyivstar has signed a Memorandum of Understanding (MoU) with the Ministry of Economy of Ukraine to advance the development of Ukraine's digital infrastructure and economy. The collaboration includes exploring the establishment of a sovereign, AI-ready data center in Ukraine, with VEON expected to support implementation through its financial backing and global expertise. The MoU was signed at the 2026 Ukraine Recovery Conference in Gdańsk, co-hosted by Poland and Ukraine, underscoring international commitment to Ukraine's reconstruction and long-term growth. The initiative is aimed at developing next-generation computing infrastructure, strengthening Ukraine's technological sovereignty in artificial intelligence, and catalyzing both domestic and international investment into the country's digital economy. The proposed facility would be a sovereign AI data center, keeping critical data processing and storage within Ukraine. That matters for sensitive sectors such as public administration, financial services, defense technology, and research and development. By enabling secure, in-country data capacity aligned with national regulatory and security frameworks, the project would strengthen resilience, safeguard critical information, and open new innovation opportunities. "The development of domestic AI infrastructure is an important step in strengthening Ukraine's economic resilience and technological independence," said Oleksii Sobolev, Minister of Economy of Ukraine. "We see strong potential in initiatives that enable secure, sovereign data processing capacity within the country, supporting both public sector modernization and private sector innovation." "Ukraine is showing the world what a digital economy built for resilience looks like," said Kaan Terzioglu, Chief Executive Officer of VEON Group. "Sovereign AI infrastructure keeps a country's most important data and capabilities at home, where they create the most value for its people and its economy. Through our AI1440 strategy, we are bringing augmented intelligence into everyday...

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