VEON’s Kyivstar to buy GigaCloud for up to USD 50 million
VEON•VEON’s Ukrainian operator Kyivstar will acquire cloud infrastructure provider GigaCloud in a transaction valued at up to USD 50 million. GigaCloud serves more than 1,800 enterprise customers and will become a Kyivstar subsidiary after completion.
1. Acquisition details
Kyivstar is to acquire GigaCloud in a transaction valued at up to USD 50 million. GigaCloud serves more than 1,800 enterprise customers and will become a Kyivstar subsidiary upon completion. The acquisition expands Kyivstar’s enterprise cloud services as it shifts from telecommunications toward a broader digital technology business.
