07:55 AM EDT, 06/10/2024 (MT Newswires) -- VEON (VEON) said Monday its Kyivstar subsidiary plans to increase its investment to rebuild Ukraine's digital infrastructure to $1 billion over five years from 2023 through 2027.

The company previously committed $600 million over a three-year period.

The commitment will fund investments into network and digital services, including potential acquisitions or the development of new assets, social contributions and partnerships, the company said.