The deal is valued at up to 2.27 billion UAH and aims to drive digital innovation for enterprises
Kyivstar Group Ltd. has announced the acquisition of cloud services provider GigaCloud. The total value of the transaction reaches up to 2.276 billion UAH or 50 million USD. This was reported by RBC-Ukraine (Олександр Мороз), according to the portal PromPolitInform.
This investment is designed to enhance the operator’s technological capabilities for the corporate sector. Combining resources will allow for the integration of telecommunications services with cloud infrastructure and cybersecurity tools.
GigaCloud provides its own facilities located in Ukraine and Poland, and maintains a client base of over 1,800 corporate customers. The acquisition is aimed at accelerating the digital transformation of government agencies and private businesses.
Financial Performance Details
In 2025, GigaCloud reported revenues of 14 million USD with an EBITDA of 4.7 million USD. The company’s EBITDA margin reached 34%.
The financial structure of the deal includes a base acquisition price of 41 million USD. The remaining amount covers deferred debt obligations, performance-based payments, and capital expenditure reimbursements.
Growth Strategy
President of Kyivstar Group Ltd. Oleksandr Komarov stated that the integration will help clients modernize their operational processes. The company intends to leverage new capacities to develop artificial intelligence-based services.
Following the deal closure, GigaCloud will continue to operate as a separate business unit. The management team and brand will remain unchanged, and existing client contracts will not be subject to review.
Nazariy Kurochko, CEO of GigaCloud, emphasized the importance of scaling secure cloud services. Partnering with a large operator will enable intensified investment in Ukraine’s critical infrastructure.
Photo: RBC-Ukraine
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