Nov 10 (Reuters) - Ukraine's biggest mobile operator
Kyivstar ( KYIV ) reported strong third-quarter revenue growth
on Monday as more Ukrainians used the company's digital
services.
Revenue in the quarter through September rose 19.8%
year-on-year to $297 million (255 million euros).
Kyivstar ( KYIV ) has 23 million mobile subscribers and over 1
million fixed users.
However, the company now generates a significant share
of revenue from what it calls digital services. These platforms
are for TV streaming, ride-hailing, digital advertising and
healthcare.
Revenue from these businesses surged by 526%, accounting
for 11.9% of the group's sales, benefiting from the contribution
of ride-hailing firm Uklon which it agreed to buy in March.
Kyivstar ( KYIV ) became the first Ukrainian company
to list
on a U.S. stock exchange when it went public in August.
The move was
pitched
by its top shareholder Veon as a gateway for American
investors looking to gain exposure to Ukraine's post-war
recovery.
Initial enthusiasm around the listing has given way to
volatility linked to geopolitical events.
Kyivstar's ( KYIV ) market value has edged up 5% since the first
day of trading, reaching $2.8 billion as of last Friday.
(1 euro = $1.1662)