The Ukrainian operator Kyivstar has dismissed press reports that 100% of its assets have been seized by the authorities.
In a statement, it says that “on October 6, a notice appeared on the website of the Security Service of Ukraine and the General Prosecutor’s Office of Ukraine regarding the seizure of assets of 20 Ukrainian companies for a total amount of over UAH17 billion. These are securities and corporate rights of mobile operators, mineral water producers, financial and insurance companies, as well as other domestic enterprises”.
It goes on to say that the reports are not true “because in fact it is only about corporate rights, which does not affect the company’s operational activities”.
Kyivstar continues: “So far, neither Veon nor “Kyivstar” have received any official notifications from the Ukrainian authorities and courts. Veon, a company headquartered in Amsterdam, traded on the Nasdaq and Euronext exchanges in Amsterdam and with an international investor base, remains the legal owner of Kyivstar. With the full support of Veon, Kyivstar continues to focus on serving 24 million subscribers, conducts business as usual and directs its efforts to support the Ukrainian economy.
“In addition, we remind you that the sanctioned persons are not the ultimate beneficial owners of Kyivstar, but own minority shares that do not allow them to exert decisive influence on the management or economic activity of the operator, and do not receive dividends from the company’s activities”.
Broadband TV News that alongside this the global digital operator Veon has just closed the sale of its operations in Russia and is no longer present in the country
