Kyivstar to buy Ukrainian cloud provider GigaCloud for up to $50 million
Kyivstar Group Ltd., the Ukrainian telecom operator, announced it will acquire GigaCloud, a cloud‑infrastructure firm serving more than 1,800 enterprise clients. The transaction is valued at up to $50 million, comprising $41 million paid upfront, up to $4 million of deferred debt, about $3 million tied to performance targets and up to $2 million for capital‑expenditure reimbursement. GigaCloud reported roughly $14 million of revenue and $4.7 million of EBITDA in 2025, giving an EBITDA margin near 34 %. The deal will keep GigaCloud as a separate business unit under the Kyivstar brand.
Why it matters
Kyivstar said the acquisition should be immediately accretive to its earnings and cash flow. The added cloud capabilities expand Kyivstar’s enterprise‑technology portfolio, potentially increasing revenue from corporate customers.
Key facts
- 1The purchase price is up to $50 million, with $41 million paid upfront. stocktitan.net
- 2The consideration includes up to $4 million of deferred non‑adjustable debt. stocktitan.net
- 3Approximately $3 million is linked to performance milestones. stocktitan.net
- 4Up to $2 million may be reimbursed for capital‑expenditure. stocktitan.net
- 5GigaCloud generated about $14 million in revenue in 2025, based on unaudited management accounts. investing.com
- 6Its 2025 EBITDA was $4.7 million, yielding an EBITDA margin of roughly 34 %. interfax.com.ua
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.