Ukraine Telecoms Market Report

Telecoms, Mobile and Broadband - Statistics and Analyses

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Last updated: 11 Jan 2026 Update History

Report Status: Current

Report Pages: 164

International investors return to Ukraine’s telecom sector

All segments of Ukraine’s telecom sector have been affected by Russia’s invasion of the country in February 2022. TV antennae and telecom base stations as well as civilian infrastructure have been targeted in various attempts to disrupt communications. The destruction so far caused by the Russians has put on hold most plans which the Ukrainian government and regulator had set for developing the sector. This includes the deployment of 5G services: while pilot schemes started in 2021 are ongoing, a commercial launch of services has been delayed until after martial law is lifted.

The telecom regulator, which as the newly set-up NCEC only started operating a month before Russia’s invasion, has undertaken a range of measures to ensure that telecom services are maintained. To this end, it has helped manage the distribution of equipment which replaces destroyed infrastructure, it has facilitated affordable or free roaming within the European Union, and it has provided additional spectrum resources to enable the MNOs to maintain service quality.

Importantly, the government has successfully encouraged foreign investment in the country, and this has had positive implications for telecom services. In August 2025 Kyivstar Group became the first full Ukrainian company to be listed on the NASDAQ stock exchange, while the acquisition of the MNO Lifecell by NJJ Group brought with it the merger of Lifecell with Datagroup-Volia Group. The acquisition and merger were facilitated by a $435 million loan from the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) of the World Bank.

Through necessities generated by the war, Ukraine has also become one of the leading countries globally In developing e-government services.

Key developments:

  • Turkcell completes its exit from Ukraine with the sale of Lifecell.
  • NCEC replaces the NCCIR as the unified regulator for electronic communications, spectrum, and postal services.
  • VEON has limits on corporate rights over Kyivstar lifted.
  • Vodafone Ukraine planning to build the Kardsea submarine cable system under the Black Sea connecting Ukraine with Bulgaria, Georgia, Turkey.
  • Kyivstar and the WINWIN AI Center of Excellence develop a Ukrainian-language LLM to support digital public services and improve service quality.
  • Regulator concludes multi-spectrum auction.
  • Kyivstar launches commercial mobile satellite using Starlink’s D2C service.
  • Report update includes the regulator's annual reports to 2024 and market data to Q2 2025, telcos' financial and operating data updates to December 2025, recent market developments.

Companies mentioned in this report:

Ukrtelecom, Kyivstar, Vodafone Ukraine, Lifecell, Intertelecom, Datagroup, Eurotranstelecom, Vega, Volia Cable, TriMob, Triolan, PEOPLEnet.

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