v3.26.1
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2025
Intangible assets and goodwill [abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following tables summarize the movement in the net book value of intangible assets for the years ended December 31:
Net book valueTelecommuni-cation licenses, frequencies & permissionsSoftwareBrands and
trademarks
Customer
relationships
Other
intangible
assets
Total
As of January 1, 2025126 135 1 21  283 
Acquisitions — 18 32 — 58 
Additions82 — — 91 
Disposals— (1)— — — (1)
Amortization charge for the year(17)(42)(2)(4)— (65)
Transfer and reclassification— — — (7)(1)
Translation adjustment(1)(1)— — — (2)
As of December 31, 2025109 187 17 49 1 363 
Net book valueTelecommuni-cation licenses, frequencies & permissionsSoftwareBrands and
trademarks
Customer
relationships
Other
intangible
assets
Total
As of January 1, 2024116 114 4 23  257 
Additions35 — — 50 94 
Disposals — (1)— — — (1)
Amortization charge for the year(14)(26)(2)(3)— (45)
Transfer and reclassification— 51 — (50)3 
Translation adjustment(11)(12)(1)(1)— (25)
As of December 31, 2024126 135 1 21  283 
During December 31, 2025 and 2024, there were no material changes in estimates related to intangible assets.
The following tables present the movements in goodwill presented as a separate line item within non-current assets, for the year ended December 31, 2025, by cash generating unit ("CGU"):
CGUDecember 31, 2025AcquisitionsTransfer and reclassificationTranslation adjustmentDecember 31, 2024
Kyivstar21 — — 14 
Uklon107 109 (3)— 
Total128 116 1 (3)14 

CGUDecember 31, 2024AcquisitionsTransfer and reclassificationTranslation adjustmentDecember 31, 2023
Kyivstar14 — — (1)15 
Total14   (1)15 
*For acquisitions and divestments, refer to Note 9 for further details.
COMMITMENTS
Capital commitments for the future purchase of intangible assets are as follows as of December 31:
20252024
Less than 1 year
Total commitments5 7 

ACCOUNTING POLICIES

Intangible assets acquired separately are carried at cost less accumulated amortization and impairment losses.

Intangible assets with a finite useful life are generally amortized with the straight-line method over the estimated useful life of the intangible asset. The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:

Class of intangible assetsUseful life
Telecommunication licenses, frequencies and permissions3-20 years
Software3-10 years
Brands and trademarks3-15 years
Customer relationships10-21 years
Other intangible assets4-10 years

Goodwill is recognized for the future economic benefits arising from net assets acquired that are not individually identified and separately recognized. Goodwill is not amortized but is tested for impairment annually and as necessary when circumstances indicate that the carrying value may be impaired, see Note 10 for further details.

SOURCE OF ESTIMATION UNCERTAINTY
Refer also to Note 11 for further details regarding source of estimation uncertainty.

Depreciation and amortization of non-current assets

Estimates in the evaluation of useful lives for intangible assets include, but are not limited to, the estimated average customer relationship based on churn, the remaining license or concession period and the expected developments in technology and markets.

The actual economic lives of intangible assets may be different than estimated useful lives, thereby resulting in a different carrying value of intangible assets with finite lives. We continue to evaluate the amortization period for intangible assets with finite lives to determine whether events or circumstances warrant revised amortization periods. A change in estimated useful lives is a change in accounting estimate, and depreciation and amortization charges are adjusted prospectively.