Ukrainian mobile operator Kyivstar acquires cloud provider GigaCloud for nearly $50 mln
Kyivstar Group Ltd. (Nasdaq: KYIV), the parent company of Ukraine's largest telecommunications operator, Kyivstar, has announced the acquisition of GigaCloud, one of Ukraine's leading cloud infrastructure providers, for nearly UAH 2.28 billion (almost $50 million) to expand its cloud solutions capabilities for businesses.
Ukrainian telecommunications giant Kyivstar has acquired cloud infrastructure provider GigaCloud for approximately $50 million, aiming to bolster its capabilities in cloud solutions for businesses. Kyivstar's President, Oleksandr Komarov, stated that the acquisition will enable the company to offer more comprehensive technology solutions to its enterprise customers and contribute to Ukraine's long-term digital development.
GigaCloud CEO, Nazarii Kurochko, expressed confidence that the partnership will accelerate infrastructure investments and enhance the company's scalability and security in cloud services. The deal, subject to standard closing conditions, will maintain GigaCloud's brand, management team, and existing customer contracts. GigaCloud, founded in 2016, currently serves over 1,800 corporate clients, generating around $14 million in revenue and $4.7 million in EBITDA in 2025.
The investment will also help Kyivstar strengthen its sovereign cloud infrastructure and develop AI-based services for Ukrainian businesses and government entities.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
