The Antimonopoly Committee of Ukraine (AMCU) approved PrJSC “Kyivstar”’s acquisition of control over LLC “GigaCloud”—the cloud provider GigaCloud.
The AMCU adopted the relevant decision on July 9, 2026.
GigaCloud is a cloud service provider founded in 2016 that specializes in providing relevant services to businesses. The company’s clients include the agricultural holding Kernel, Naftogaz, and others.
In late May, during the “Business Breakfast with Volodymyr Fedorin,” Kyivstar President and CEO Oleksandr Komarov declined to comment on a possible acquisition of GigaCloud but also noted the group’s interest in strengthening its position in the cloud business.
“This is one of our strategic priorities. It could happen organically, since we are a major Microsoft partner—we are currently building our own cloud. It could also happen inorganically if we identify attractive targets,” Komarov emphasized.
In June 2025, the mobile operator launched its own cloud service for Ukrainian users, Kyivstar Cloud, which is available to small, medium, and large businesses, as well as public sector organizations.
In the first quarter of 2026, Kyivstar increased its EBITDA by 28.5% to 7.5 billion UAH, while revenue grew by 31.3% to 13.9 billion UAH.
