Kyivstar became the first Ukrainian company to enter the global Nasdaq stock exchange. Now the Ukrainian digital communications operator is trading its shares on a par with such giants as Apple, Google and Amazon. This was reported by the Ministry of Digital Transformation of Ukraine.
The Ministry of Digital Transformation noted that the entry into Nasdaq is a clear signal to international investors that Ukrainian companies not only continue to operate during the war, but also scale up to global markets.
“We are creating transparent rules of the game, preparing conditions for market development and attracting investments even in difficult wartime,” the Ministry of Digital Transformation said.
In recent years, the state, together with the telecom market, has implemented a number of reforms, including:
reduced the period for obtaining a permit for the construction of a mobile tower from 2 years to 25 days;
adopted laws that doubled the speed of allocating land for networks;
ensured stable operation of base stations during blackouts;
created conditions for the launch of 5G and Ukraine’s accession to the EU roaming zone;
issued new licenses for frequencies to cover thousands of settlements with high-speed Internet.
In addition, the Ministry of Digital Affairs reminded that Kyivstar is cooperating with Starlink and SpaceX on the launch of the Direct to Cell project in Ukraine.
The company’s shares are traded on Nasdaq under the code KYIV. The Ministry of Digital Affairs emphasized that this is just the beginning and the next residents of Diya.City may enter global exchanges.
