Cyberattack on Ukraine's Kyivstar will cost parent Veon almost $100 million in sales


FILE PHOTO A woman walks past a store of Ukraines telecommunications company Kyivstar amid Russias attack on Ukraine in Kyiv Ukraine December 12 2023. REUTERSAlina SmutkoFile Photo

FILE PHOTO: A woman walks past a store of Ukraine's telecommunications company Kyivstar, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 12, 2023. REUTERS/Alina Smutko/File Photo

(Reuters) - Veon, the parent company of Ukraine's largest mobile operator Kyivstar, will take a hit of around 3.6 billion hryvnias ($95 million) in revenue in 2024 due to a massive cyberattack in December, the Dutch telecoms group estimated on Thursday.

The estimated lost revenue is associated with measures Kyivstar has taken to compensate customers for inconveniences caused by the disruptions, Veon said.

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