Kyivstar Group Agrees to Buy Ukrainian Cloud Provider GigaCloud for Up to $50 Million

Kyivstar Group Ltd., Ukraine's leading digital operator listed on the Nasdaq under the ticker KYIV, has signed a definitive agreement to acquire GigaCloud, a Ukrainian enterprise cloud company, in a deal valued at up to $50 million. The transaction extends Kyivstar's ongoing strategy of building out a diversified digital services platform beyond its core mobile and fixed-line telecom business.

The acquisition is designed to strengthen Kyivstar's enterprise cloud capabilities, adding cloud infrastructure and services to a portfolio that already spans ride-hailing, e-health, digital TV, and big data analytics. Kyivstar has been one of the more active acquirers in Ukraine's digital sector, having previously closed deals for healthcare marketplace Tabletki.ua and regional broadband operator ISP Shtorm in early 2026.