U.S. DFC to fund Vodafone Ukraine
The Board of Directors of the U.S. International Development Finance Corporation (DFC) on Tuesday approved financing for Vodafone Ukraine (VF Ukraine, VFU), Ukraine's second-largest mobile operator, which is wholly owned by the NEQSOL holding company.
On Tuesday, the Board of Directors of the U.S. International Development Finance Corporation (DFC) voted to provide financial support for Vodafone Ukraine (VF Ukraine), the country's second-largest mobile operator. The DFC, which did not specify the exact amount, stated that the funding aims to bolster and modernize essential telecommunications infrastructure amidst the ongoing conflict.
According to the corporation, U.S. businesses operating and investing in Ukraine will also gain access to dependable and resilient 5G infrastructure through this initiative. The DFC Board's approval of over $8 billion in investments that day included this project in Ukraine.
Furthermore, DTEK, a Ukrainian company, received financing for a 200 MW/400 MWh battery energy storage system at six sites across the nation. VF Ukraine reported a 14.2% year-over-year increase in its consolidated net profit to UAH 1.9 billion and a 10.6% increase in revenue to UAH 14.9 billion during the first half of 2026. The mobile operator had 15.1 million customers, including 3.3 million contract subscribers, at the end of the second quarter of 2026.
The company disclosed that it had invested over UAH 3.5 billion in the restoration and development of telecommunications infrastructure during the first half of 2026, matching the investment level from the first half of 2025. VF Ukraine highlighted the continuing 5G testing, with the first zones accessible in Kyiv, Lviv, Kharkiv, and Borodianka. It recently announced that open 5G testing had also begun in Odesa.
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