Telenor moves into majority position in Kyivstar GSM, a leading mobile operator in Ukraine

Kyivstar GSM started in 1997 as the fourth mobile operator in Ukraine, and is today the operator with the highest number of subscribers in the country. Ukraine has 48.9 million inhabitants and a mobile penetration of 6 per cent. Kyivstar has a market share of 50.1 per cent and almost 1.5 million subscribers. Telenor became an owner of the company in 1998.

 

Arve Johansen, CEO Telenor Mobile gives the following comment to the transaction:

“We consider Kyivstar GSM a well run company. Our acquisition is in line with the declared strategy of Telenor and our ambitions of further growth through majority position in our main international operations.”