Key facts
- Kyivstar to acquire GigaCloud for up to $50 million.
- Deal includes $41 million acquisition price, deferred debt, performance payments, and capital expenditure reimbursements.
- GigaCloud generated $14 million in revenue and $4.7 million in EBITDA in 2025.
- Antimonopoly Committee approved the deal in July 2026 with competition safeguards.
- GigaCloud serves over 1,800 corporate clients, including Naftogaz and Kernel.
Kyivstar, Ukraine's largest mobile operator, has agreed to acquire GigaCloud, a leading Ukrainian cloud infrastructure provider, for up to $50 million. The acquisition, announced in July 2026, is part of Kyivstar's strategy to expand its digital services beyond telecommunications. GigaCloud, founded in 2016, serves over 1,800 corporate clients, including agricultural holding Kernel and state-owned energy company Naftogaz. In 2025, GigaCloud reported unaudited revenue of approximately $14 million and EBITDA of $4.7 million. The deal's total value includes a $41 million purchase price, up to $4 million in deferred debt, around $3 million in performance-related payments, and up to $2 million in capital expenditure reimbursements. Kyivstar also launched its own cloud service, Kyivstar Cloud, in June 2025 and previously acquired ride-hailing platform Uklon for $155 million in March 2025.