Kyivstar (VEON) acquires GigaCloud
- Acquirer
- Kyivstar (VEON)
- Target
- GigaCloud
- Deal Value
- $50M
- Market
- Ukraine
- Region
- Europe
- Status
- Announced
- Announced
- October 29, 2026
What happened
VEON’s Ukrainian operator Kyivstar announced it will acquire GigaCloud, a Ukrainian cloud infrastructure provider serving ~1,800 enterprise customers, in a transaction valued at up to $50 million. GigaCloud will become a Kyivstar subsidiary and its assets include five data centres in Ukraine and Poland across three availability zones.
Why it matters
The acquisition accelerates a telco’s push to diversify into digital infrastructure and cloud services, strengthening sovereign cloud capability in Ukraine and creating a bundled connectivity-plus-cloud offer for enterprise and public-sector customers. It underscores continued operator-led vertical expansion into higher‑margin digital services.
Source: VEON / GlobeNewswire press release
A permanent record of funding rounds across the MVNO, MVNE, IoT, and telecom infrastructure space: company, round, amount, and investors.
A permanent record of new MVNO launches worldwide: brand, host network, market, segment, and what each launch signals about the industry.