“We have funds to purchase licenses for tower construction. Our budget has been approved by our shareholders. It would be enough to have a decent network, although not easy to build. Some time would be needed to approve documents for construction and reconstruction of each tower. We intend to install 600 brand new towers. Kyivstar has not erected so many new towers in the past eight years,” Chernyshov wrote on his Facebook page.
Chernyshov also mentioned that technology neutrality for the 900 MHz range is expected to be granted to all carriers in the second half of the year. This would allow to introduce coverage and fast mobile Internet access in sparsely populated areas of the country, those with highways and railways.
Established in 1994 and headquartered in Kyiv, Kyivstar currently serves over 25 million users in Ukraine. The company is part of the Netherlands-based international holding Veon, 47% of which is owned by Russia’s Alfa-Group, another 47% is owned by Norway’s Telenor. In 2014, Kyivstar was one of 32 Ukrainian corporations included in the 500 largest Eastern European companies rating compiled by Deloitte.