Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial Restoration of Connectivity on its Fixed Network
December 12 2023 - 1:55PM
Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial
Restoration of Connectivity on its Fixed Network
Amsterdam, 12 December 2023 – VEON Ltd.
(NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator
that provides converged connectivity and online services, notes the
following updates from its Ukrainian subsidiary Kyivstar regarding
the recovery efforts following this morning’s cyber-attack:
“On December 12, 2023, Kyivstar's network suffered one of the
largest cyber-attacks in the history of the global telecom market,
which prevented the operator's subscribers from using communication
services.
The company's technical teams immediately began the work to
restore services; and as of 20.00 Kyiv time on 12 December 2023,
they have partially restored the operation of fixed-line
services. Currently, the Kyivstar technical teams are working
on restoring all services, with the intention of and the best
effort towards achieving recovery starting 13 December 2023. The
restoration of services may be gradual, and Kyivstar will inform
the public and its customers as the restoration
progresses.
The Kyivstar team works in close cooperation with Ukrainian law
enforcement agencies, government services, and the Security Service
of Ukraine, and would like to thank them for their immediate
response and assistance in resolving this unprecedented
situation. The Kyivstar team also expresses its gratitude to
all customers, corporate clients, partners and industry colleagues
for their understanding and support.”
VEON continues to fully support Kyivstar, and reiterates
the Group’s and Kyivstar’s commitment to keeping Ukraine connected
and to addressing the consequences of this morning’s cyber-attack.
As announced earlier today, VEON and Kyivstar are also conducting a
thorough investigation to determine the full extent and impact of
the incident, and to implement additional security measures to
prevent any recurrence. The exact magnitude of the financial
impact is not yet quantifiable as it will depend on how long
services are impacted.
VEON and Kyivstar will continue to inform their stakeholders and
customers about further developments.
About VEON VEON is a digital operator that
provides converged connectivity and digital services to nearly 160
million customers. Operating across six countries that are
home to more than 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. Headquartered in
Amsterdam, VEON is listed on NASDAQ and Euronext. For more
information visit: https://www.veon.com.
Disclaimer This release contains
“forward-looking statements,” as the phrase is defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E
of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, VEON’s efforts to
address the consequences of a cyberattack. Forward-looking
statements are inherently subject to risks and uncertainties, many
of which VEON cannot predict with accuracy and some of which VEON
might not even anticipate. The forward-looking statements contained
in this release speak only as of the date of this release. VEON
does not undertake to publicly update, except as required by U.S.
federal securities laws, any forward-looking statement to reflect
events or circumstances after such dates or to reflect the
occurrence of unanticipated events.
Contact Information:
VEON Hande Asik Group Director of Communication
pr@veon.com
TUVA Partners Julian Tanner Julian.tanner@tuvapartners.com
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