Ukraine's Largest Mobile Operator to Buy Ride-Hailing Firm Uklon
Veon Ltd. subsidiary Kyivstar has agreed to buy Ukrainian ride-hailing and delivery platform Uklon, expanding the offering of the country's largest mobile operator ahead of its New York listing.
Kyivstar will acquire 97% of Uklon's shares for $155.2 million, Veon said in a statement on Wednesday. Uklon, which operates in 27 cities in Ukraine and expanded to Uzbekistan in 2023, also sells ads that appear on cars and in its app. Uklon's Chief Executive Officer Serhii Hryshkov will continue to run the company.
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