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Ukraine’s Tech Resilience Defies Market Volatility

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Headquarters of Kyivstar

NEW YORK / KYIV — Shares of Kyivstar Group Ltd. (NASDAQ: KYIV) staged a dramatic recovery on Friday, March 13, 2026, as investors reacted to a “blowout” earnings report that showcased the operator’s ability to maintain double-digit growth despite the ongoing challenges of operating in a wartime economy.

Headquarters of Kyivstar
Headquarters of Kyivstar

After a volatile week for the broader NASDAQ exchange, Kyivstar closed the session at $11.07, up nearly 9% from its previous close of $10.20. The rebound follows a year of historic milestones for the company, which in late 2025 became the first Ukrainian-based firm to list directly on a major U.S. stock exchange.

Financial Performance: Growth Beyond Connectivity

The fourth-quarter and full-year 2025 results, released early Friday morning, outperformed both analyst estimates and the company’s own conservative guidance.

  • Revenue Surge: Total revenue for 2025 reached $1.157 billion, a nearly 26% increase year-over-year.
  • Profitability: The company reported an adjusted net profit of $289 million, with earnings per share (EPS) of $1.32.
  • EBITDA: Kyivstar maintained a high-efficiency operation with an EBITDA of $648 million, reflecting a massive margin of 56%.
  • Digital Pivot: Digital revenue grew by 4.7x in 2025, now accounting for over 10% of the company’s total revenue, driven by expansion into health-tech and fintech.

“These results are a testament to the digital transformation we have spearheaded in Ukraine,” said Oleksandr Komarov, CEO of Kyivstar. “We are no longer just a telecom company; we are a digital services ecosystem.”

The “Starlink Mobile” Revolution

A primary driver of investor optimism in early 2026 has been Kyivstar’s world-first integration of Starlink Mobile satellite technology.

At the Mobile World Congress (MWC) in Barcelona earlier this month, the company announced it now serves 5 million customers via its “Direct-to-Cell” satellite network. This technology allows standard 4G smartphones to connect directly to satellites in areas where terrestrial towers have been damaged or destroyed by conflict.

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“Kyivstar is shaping the global practice of integrating non-terrestrial networks,” noted industry analyst Daniel Lee. “The Ukrainian use case for satellite connectivity is being watched by every major carrier in the world as a blueprint for emergency resilience.”

Strategic Shifts and Ownership

The stock’s recent performance also reflects a more stable capital structure. In February 2026, Kyivstar’s parent company, VEON Ltd., successfully completed a secondary public offering of 14.3 million shares at $10.50 per share.

The offering was oversubscribed fivefold, indicating high institutional appetite for Ukrainian assets. Following the sale, VEON remains the principal shareholder with an 83.6% stake, but the expanded “free float” has significantly improved the stock’s liquidity on the Nasdaq.

Furthermore, Kyivstar continues to diversify its revenue through aggressive M&A activity. In February, the company finalized the $160 million acquisition of Tabletki.ua, Ukraine’s leading online healthcare marketplace, signaling a long-term pivot toward digital health.

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2026 Outlook: 5G and EU Integration

Looking ahead, management has provided optimistic guidance for the remainder of 2026, forecasting USD revenue growth between 8% and 11%. Key drivers for the coming year include:

  • The 5G Pilot: A large-scale 5G rollout that began in Lviv earlier this year.
  • Expansion of Space Tech: Plans to increase Starlink Mobile users to 12 million by the end of 2026.
  • Reconstruction: Participation in the government’s “Digital Marshall Plan,” prioritizing high-speed fiber connectivity for rebuilding efforts.

Market Context and Risks

Despite the positive momentum, KYIV remains a high-beta stock, currently trading with a beta of 1.59, making it more volatile than the broader market.

Investors remain wary of the geopolitical risks and the impact of the UAH/USD exchange rate, which management currently models at 44.5 for their 2026 projections. However, with a Price-to-Earnings (P/E) ratio of roughly 10.3, many value investors are viewing the current price as a favorable entry point for a dominant market leader.

KYIV Stock Snapshot (March 13, 2026)

Metric Value
Last Price $11.07
Day Change +8.53%
Market Cap $2.64 Billion
52-Week Range $10.15 – $16.48
Volume 2.5 Million (High Vol)
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Southern Copper: Elite Reserves Mask A Risky Valuation Disconnect

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Southern Copper: Elite Reserves Mask A Risky Valuation Disconnect

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Amazon Is Paying Today For Margins Tomorrow

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REMX: The Geopolitics Of A US REE Stockpile Depletion (NYSEARCA:REMX)

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China’s export controls on gallium, germanium, and rare earths, US-China trade tensions over strategic resources, global semiconductor and EV supply chain risks: The periodic table with Chinese flags.

This article was written by

Sean Daly writes on ETFs, biotech and FINTECH solutions in the banking space.  He teaches international finance and financial risk management at Pace University and was a visiting lecturer at Princeton University from 2005 to 2009.  He was educated at Columbia University.  He has also written extensively on real estate and  economic development, exploring issues as diverse as Chinese urbanization, CMI multilateral currency swap arrangements, energy geopolitics, and Asia’s sovereign wealth funds.    Global strategy and private equity background. Equity Approach: long/short, event-driven, with a focus on small cap biotech and the emerging markets.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in REMX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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SHLD: A Timely Defense Play As The U.S.-Iran War Escalates

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Iran: The Straw That Potentially Breaks The Camel's Back

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Authorities Urge Continued Vigilance and Tips from the Public

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Nancy Guthrie

More than six weeks after 84-year-old Nancy Guthrie was abducted from her Tucson home, the investigation into her disappearance remains active but without a named suspect or confirmed arrest, authorities said March 13, 2026, as the case entered its 41st day.

Savannah Guthrie & Nancy Guthrie
Savannah Guthrie & Nancy Guthrie

Pima County Sheriff Chris Nanos provided the latest update, stating investigators believe the abduction was targeted and they have a working theory on motive, though he declined to elaborate publicly. “We believe we know why he did this, and we believe that it was targeted,” Nanos said in an interview, adding he could not rule out the possibility of the perpetrator striking again. He emphasized the home was specifically chosen, but stressed the investigation continues to explore all angles.

Nancy Guthrie, mother of NBC “Today” show co-anchor Savannah Guthrie, was last seen around 9:45 p.m. on Jan. 31, 2026, after family members dropped her off following dinner and game night. She failed to appear for a virtual church service the next morning, prompting her family to report her missing Feb. 1. Authorities quickly determined she had been taken against her will, possibly in the middle of the night, describing the incident as a kidnapping.

Evidence collected includes DNA from black gloves found at the scene that did not match Nancy or her inner circle, though recent analysis led to a dead end. Investigators continue reviewing laboratory material, images and videos from cameras, including doorbell footage and neighborhood surveillance. A mysterious internet service disruption on the night of the abduction has drawn FBI scrutiny, with some neighbors reporting Ring camera histories unavailable from that period.

Multiple purported ransom notes have surfaced, demanding millions in Bitcoin with deadlines that passed without resolution. The family has posted emotional video pleas directly addressing potential captors, with Savannah Guthrie and siblings Annie and Camron saying “we will pay” and urging her safe return. On Feb. 24, they announced a $1 million reward for information leading to Nancy’s recovery, supplementing the FBI’s $100,000 offer. Tips can be submitted to 1-800-CALL-FBI.

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The Pima County Sheriff’s Department and FBI have cleared all family members, including Savannah Guthrie, her siblings and spouses, as suspects. Sheriff Nanos described the Guthries as cooperative victims in the case.

Savannah Guthrie, who has been off air since early February to support her family in Arizona, made an emotional visit to the “Today” studio in New York on March 5. She addressed colleagues, expressing gratitude for their support and affirming her intention to return to the anchor desk. “I’m still standing, and I still have hope, and I’m still me,” she said, holding onto faith and quoting her mother: “Where else would I go?” A network spokesperson confirmed she plans to resume on-air duties but remains focused on family and efforts to bring Nancy home.

Public support has poured in, with flowers left at Nancy’s Catalina Foothills home and widespread prayers shared online. Savannah posted a photo of the tributes March 2, noting one month since the abduction and asking people not to stop praying and hoping.

Investigators have followed thousands of tips, analyzed a damaged utility box near the residence (deemed unrelated by the sheriff but still examined by the FBI), and reviewed vehicles in the area. A Honda belonging to daughter Annie was impounded briefly for examination and is expected to be returned soon.

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The case has captivated national attention, blending the high-profile status of Savannah Guthrie with the mystery of a seemingly random yet targeted crime against an elderly woman described as humble, faithful and proud of her family. No cognitive issues were reported for Nancy, who was in good health.

As the search stretches into March, authorities urge continued vigilance and tips from the public. The Pima County Sheriff’s Office and FBI stress the investigation is far from over, with ongoing forensic work and analysis of digital and physical evidence.

The Guthrie family continues to hold out hope, their pleas underscoring a desperate wait for resolution in a case that has raised more questions than answers.

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Italy’s Court Upholds Citizenship Limits, Millions Lose Automatic Right

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Italy's Court Upholds Citizenship Limits, Millions Lose Automatic Right

Italy’s Constitutional Court on March 13, 2026, upheld the 2025 law restricting citizenship by descent, confirming that millions of people with distant Italian ancestry no longer qualify for automatic recognition.

The decision rejected challenges to Law 74/2025 (formerly Decree-Law 36/2025, or the Tajani Decree), which caps jure sanguinis transmission at parents or grandparents born in Italy. Retroactive from March 27, 2025, the rule excludes claims through great-grandparents or further back unless specific residency conditions apply.

Italy's Court Upholds Citizenship Limits, Millions Lose Automatic Right
Italy’s Court Upholds Citizenship Limits, Millions Lose Automatic Right

The court found the restrictions constitutional, citing state interests in preventing abuse, managing consular backlogs and preserving citizenship integrity. A full written ruling is expected soon.

Introduced as an emergency measure in March 2025 and converted in May, the law addressed massive application volumes — some consulates faced decades-long waits — and concerns over passport commercialization. Foreign Minister Antonio Tajani called it essential to restore order.

An estimated 80 million people worldwide claim Italian descent, with large communities in Brazil, Argentina and the United States. Many sought EU citizenship for mobility, work and travel benefits. The change affects those born abroad with another citizenship unless proving a direct recent link.

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Grandparent-based claims remain valid only if the grandparent was born in Italy; earlier generations no longer confer automatic rights. Applications filed before the cutoff continue under old rules, with roughly 60,000 such cases pending.

The ruling follows a July 2025 decision affirming citizenship from birth, which had raised hopes for overturning retroactivity. Instead, the March outcome solidifies the narrower framework.

Other 2026 updates include a February Palermo court ruling allowing some Italo-Argentinian applicants blocked by consulate delays to proceed under pre-law rules. The Supreme Court will hear arguments on retroactivity for pre-2025 births on April 11, and the long-standing “minor issue” (naturalization breaking transmission) may see resolution later this year.

Parliament passed Bill 1683 in January 2026, shifting adult jure sanguinis processing to a centralized Rome office from 2029 with annual quotas. Consulates handle cases through 2028.

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Critics argue the law severs cultural ties for diaspora communities formed during 19th- and 20th-century emigration. Supporters say it curbs exploitation and eases administrative strain.

Alternatives for those now ineligible include 10-year residency naturalization (sometimes reduced) or citizenship by marriage (two years). Reacquisition remains open until December 31, 2027, for certain pre-1992 losses.

Diaspora groups expressed disappointment, with some planning further appeals. Immigration lawyers recommend checking family records for qualifying links or pre-cutoff filings.

The affirmed restrictions mark a major shift in Italy’s citizenship policy, closing a long-open door to global Italian heritage while preserving pathways for closer ties.

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Pizza Chains Offer $3.14 Specials, BOGO Offers and More

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Nancy Guthrie

National Pi Day on March 14, 2026, brought a wave of promotions from pizza chains and other eateries, with deals centered on $3.14 prices, buy-one-get-one offers and discounted pies to celebrate the mathematical constant 3.14.

National Pi Day 2026 Deals
National Pi Day 2026 Deals

The unofficial holiday, honoring the ratio of a circle’s circumference to its diameter, has evolved into a major food event, particularly for pizza — a circular favorite. Chains nationwide rolled out specials Saturday, many requiring app downloads, loyalty sign-ups or in-store visits at participating locations.

Pizza Hut led with multiple offers. Customers could buy one medium or large “Create Your Own” pizza and get another free, available through DoorDash and in-store while supplies lasted. Separately, Pizza Hut promoted a $10 large three-topping pizza on choices like the new Hand-Tossed, Tavern Style or Thin ‘N Crispy crusts for carryout or delivery at select spots.

Blaze Pizza offered a standout buy-one-get-one deal: purchase one 11-inch pizza and get a second of equal or lesser value for $3.14 in-store on March 14. App users received a digital code for a separate BOGO Simple Pie cheese pizza redeemable from March 14 through April 6. DoorDash amplified the promotion with a free 11-inch cheese pizza when buying one through the app during the extended period.

Papa Johns provided rewards members a BOGO-style offer: buy one large or extra-large pizza at regular price and get another for $3.14 on Pi Day. Members also gained access to exclusive deals through March 20. Other ongoing specials included Papa Pairings at $6.99 each for two or more items and large one-topping carryout for $7.99.

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Domino’s highlighted its “best deal ever” with any pizza up to seven toppings for $9.99, plus select items at $6.99 each when buying two. The chain’s promotions focused on value rather than direct $3.14 ties but aligned with the holiday spirit.

7-Eleven and Speedway gave 7Rewards and Speedy Rewards members whole pizzas for $3.14 in stores or via the 7NOW Delivery app. Speedy Café locations offered large one-topping pizzas with customizable toppings and three-cheese blend for the same price.

Marco’s Pizza let customers buy any large or extra-large pizza and add a medium one-topping for $3.14 using code PIDAY online or in-phone orders.

Mountain Mike’s Pizza rewarded Mountain Rewards members: purchase any medium pizza and get a second one-topping medium for $3.14.

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Other participants included Uno Pizzeria & Grill with a second pizza of equal or lesser value for $3.14 on regular-priced deep dish or thin crust (use code BOGO314 online), &pizza with additional pies for $3.14 using code PIDAY, and Papa Murphy’s with 31.4% off regular-priced items via code PIDAY26 online or in-app.

Sweet treats rounded out celebrations. Burger King gave Royal Perks members a free Hershey’s Sundae Pie or Cinnamon Apple Pie with any $3.14 purchase. Some chains offered pie discounts, though pizza dominated.

Deals varied by location and often required loyalty enrollment or apps. Chains urged checking websites or apps for availability, as promotions were while supplies lasted and excluded some items.

Pi Day, recognized by Congress in 2009, blends math appreciation with fun food promotions. This year’s offers reflected growing participation, with delivery platforms like DoorDash aggregating chain specials for convenience.

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As March 14 passed, many extended deals lingered into April, giving latecomers chances to save. The day proved a win for pizza lovers seeking affordable slices in honor of an irrational number.

Disclosure: This post contains affiliate links. We may receive a commission for purchases made through these links at no additional cost to you.

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Where to Watch La Liga Match?

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Cooper Flagg

Girona FC hosts Athletic Club in a La Liga Round 28 clash at Estadi Municipal de Montilivi on Saturday, March 14, 2026, with kickoff at 1:00 p.m. local time (8:00 a.m. ET / 5:00 a.m. PT in the U.S., 10:42 p.m. KST in South Korea on March 14). Fans worldwide can stream the game through official broadcasters and platforms, though availability varies by region due to La Liga’s global rights distribution.

Girona
Girona

In the United States, the match streams live on ESPN+ (in English and Spanish), ESPN Deportes (TV channel for Spanish commentary) and ESPN Select. FuboTV carries the game as well, offering a free trial for new subscribers to access ESPN Deportes and related channels. Viewers in the U.S. can start streaming via ESPN+ or Fubo at the scheduled time, with no blackouts reported for this fixture.

For international audiences, options include DAZN in several countries (such as Spain, Italy, Germany, Japan and parts of Europe), where subscribers can watch in HD on demand or live. beIN Sports holds rights in France and the Middle East/North Africa, streaming on beIN SPORTS CONNECT, beIN Sports MAX 8 and myCANAL. In some regions like Ethiopia, SuperSport Football Plus ROA and DStv Now provide coverage.

Free options remain limited. In France, Free (free.fr) occasionally broadcasts select La Liga matches, but confirmation for this game requires checking local listings. No fully free global stream exists for this matchup, as La Liga prioritizes paid platforms to support club revenues.

The game pits 15th-placed Girona against 10th-placed Athletic Club in a mid-table battle. Girona, coming off a mixed season with strong home form at Montilivi, aims to capitalize on their passionate crowd. Athletic Club, known for its Basque-only policy and high pressing, enters with momentum from recent results, making this a competitive encounter.

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Pre-match coverage starts about 30 minutes before kickoff on most services. ESPN+ and Fubo offer English and Spanish audio options, while DAZN and beIN provide multilingual commentary depending on the market.

To watch reliably, especially from Incheon, South Korea (where the match airs late Saturday evening local time), use a VPN if regional restrictions apply, connecting to a U.S. or European server for ESPN+ or DAZN access. Services like ExpressVPN or NordVPN support streaming and comply with terms of use for legitimate accounts.

Illegal streams on unofficial sites pose risks like malware, poor quality and legal issues; stick to official broadcasters for the best experience and to support the league.

Key viewing details:

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– **Kickoff:** 13:00 UTC / 1:00 p.m. CET / 8:00 a.m. ET / 5:00 a.m. PT / 10:00 p.m. KST (March 14)
– **Venue:** Estadi Municipal de Montilivi, Girona
– **U.S. Stream:** ESPN+, ESPN Deportes (via Fubo, DirecTV, etc.)
– **International:** DAZN (multiple countries), beIN Sports (France/MENA), SuperSport (Africa)
– **Free Trial Options:** Fubo (U.S.), DAZN (where available)

The match promises tactical intrigue, with Girona’s attacking flair clashing against Athletic’s defensive solidity. Live updates, highlights and post-match analysis will follow on ESPN, Flashscore and FotMob apps for those unable to stream live.

As La Liga’s 2025-26 season progresses, fixtures like this highlight the league’s competitiveness beyond the traditional big three. Tune in via the platforms listed for full coverage.

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