Ukrainian telecom giant Kyivstar has announced the acquisition of an additional 28% stake in Helsi, boosting its total ownership in the digital healthcare service from 69.99% to 97.99%. The value of the transaction amounted to $10.5 million.
According to the company’s press release, the investment marks another step toward fulfilling the $1 billion investment commitment made by Kyivstar’s parent company, VEON, to the Ukrainian economy over the 2023–2027 period.
The deal will not affect Helsi’s current operations. The company will continue to operate under its existing management structure, led by co-founders Yevhen Donets and Yevhen Hubych, each of whom retains a 1% stake in the company, according to business registry data from YouControl.
Another co-founder, Samvel Akobian, will maintain a strategic role on the supervisory board.
Kyivstar CEO Oleksandr Komarov emphasized that this new stage of partnership and increased investment in Helsi will accelerate the development of new eHealth business areas and enhance the potential for synergy across Kyivstar’s digital ecosystem.
