Kyivstar, Ukraine’s largest mobile operator, views the cloud business as a key area for future growth; it recently launched its own cloud business and is seeking opportunities to expand it both organically and through acquisitions
“We recently launched our own cloud business in Ukraine, our own data center, and began commercializing it at the end of 2025,” Kyivstar CEO and President Oleksandr Komarov said on Thursday during a conference call regarding the operator’s Q1 2026 earnings report.
According to him, the company aims to prepare for the post-war growth of the cloud services market in terms of both the range of services and market share and existing capabilities.
“So this is a fairly important part of our business development,” noted Kyivstar’s CEO.
He clarified that currently, the company’s main business in this area is reselling Microsoft services and, to a lesser extent, Amazon services.
In late May, during the “Business Breakfast with Volodymyr Fedorin,” 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.
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 UAH 7.5 billion, while revenue grew by 31.3% to UAH 13.9 billion.
According to the financial statements, revenue from the cloud service of the subsidiary Kyivstar.Tech rose from UAH 105 million to UAH 192 million.
