{"id":1014993,"date":"2026-10-29T07:04:45","date_gmt":"2026-10-29T11:04:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/veons-kyivstar-acquires-gigacloud-expanding-cloud-services-for-ukrainian-businesses\/"},"modified":"2026-10-29T07:04:45","modified_gmt":"2026-10-29T11:04:45","slug":"veons-kyivstar-acquires-gigacloud-expanding-cloud-services-for-ukrainian-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veons-kyivstar-acquires-gigacloud-expanding-cloud-services-for-ukrainian-businesses\/","title":{"rendered":"VEON\u2019s Kyivstar Acquires GigaCloud, Expanding Cloud Services for Ukrainian Businesses"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Acquisition of GigaCloud, valued at up to USD 50 million, expands secure, resilient cloud infrastructure for Ukrainian businesses and public institutions<\/em>\n      <\/p>\n<p>\n        <strong>New York, Dubai &amp; Kyiv, 29 October 2026<\/strong> \u2013 VEON Ltd. (Nasdaq: VEON), a global digital operator (\u201cVEON\u201d or the \u201cCompany\u201d), today announces that its Ukrainian digital operator Kyivstar (Nasdaq: KYIV; KYIVW) (the \u201cCompany\u201d or \u201cKyivstar\u201d) is to acquire GigaCloud, one of Ukraine\u2019s leading cloud infrastructure providers. Valued at up to USD 50 million, the acquisition will expand the secure, resilient digital infrastructure that Ukrainian businesses and public institutions need to operate, innovate and grow. It also accelerates VEON\u2019s strategy to build cloud services for enterprise customers and reinforces Kyivstar\u2019s long-term commitment to Ukraine\u2019s digital economy.<\/p>\n<p>Founded in 2016, GigaCloud is one of Ukraine\u2019s leading cloud infrastructure providers, serving more than 1,800 enterprise customers and supporting digital transformation across a broad range of industries. Following completion of the transaction, GigaCloud will become a subsidiary of Kyivstar. Its expertise and strong reputation in cloud technology will be combined with Kyivstar\u2019s financial strength and growth strategy to accelerate GigaCloud\u2019s expansion and strengthen Ukraine\u2019s digital infrastructure.<\/p>\n<p>\u201cDigital infrastructure is ultimately about people: the entrepreneurs building businesses, the teams delivering public services, and the families who depend on them. Kyivstar\u2019s acquisition of GigaCloud strengthens the secure, resilient foundation Ukraine needs to keep growing and to give its people better opportunities,\u201d said <strong>Kaan Terzioglu, CEO of VEON Group.<\/strong><\/p>\n<p>The acquisition develops Kyivstar\u2019s strategy to evolve from a telecommunications operator into a leading digital ecosystem and technology platform company. By expanding its presence in the fast-growing cloud computing sector, Kyivstar is seeking to create a powerful platform for enterprise IT compute, AI, cybersecurity, and data-driven solutions.<\/p>\n<p>\u201cThis transaction is a significant step in executing Kyivstar\u2019s long-term strategy to build Ukraine\u2019s leading digital ecosystem. As demand for cloud computing, AI capabilities, and secure data infrastructure continues to grow, we see substantial opportunities to expand our presence in high-value digital services. GigaCloud has established itself as a trusted market leader with exceptional talent, proven technological expertise, and strong customer relationships. Together, we intend to accelerate the development of sovereign digital infrastructure, unlock new growth opportunities, and create a stronger, more diversified technology business positioned to deliver long-term value for all stakeholders,\u201d said Oleksandr Komarov, President of Kyivstar Group Ltd.<\/p>\n<p>The purchase underscores Kyivstar\u2019s commitment to expanding its digital business portfolio where recent acquisitions have included the acquisition of e-mobility operators Uklon and E-wings, clean energy companies Six Solar Power Plants and Sunvin, internet service provider Shtorm and digital healthcare company Tabkletki. Kyivstar is committed to support the development of Ukraine\u2019s digital economy through long-term investments in infrastructure and innovation.<\/p>\n<p>\n        \n      <\/p>\n<p>\n        <strong>About VEON<\/strong>\n      <\/p>\n<p>VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 228 million digital users. Operating across five countries that are home to more than 6% of the world\u2019s population, VEON is transforming lives through technology driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JqPt3KZ15xucIQdv7-IItXa6Di84zVMbcuEwKN9w5PEvrceLcqvy2uOLi99DhkWzOYnbgbbbwYzTWoGONjKOMUsTE-V0WHcxvSJDysQ1sCQ=\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.veon.com<\/a><\/p>\n<p>\n        <strong>About Kyivstar Group Ltd.<\/strong>\n      <\/p>\n<p>Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine\u2019s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. Kyivstar Group Ltd.\u2019s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JqPt3KZ15xucIQdv7-IItVZcEpRBppYVoLT9z7dawcu53NRnzsUrst7cWwuHuc24jV41ICzbRwd_WMHm-OCBEkEU64EYovDs-iDLnmg25wEIBkQLbulKVBfJCJdK_vny\" rel=\"nofollow\" target=\"_blank\">https:\/\/investors.kyivstar.ua<\/a>.<\/p>\n<p>\n        <strong>About GigaCloud<\/strong>\n      <\/p>\n<p>GigaCloud is a leader in the Ukrainian cloud market. Since 2016, GigaCloud has supported the digital transformation of more than 1,800 companies through cloud technologies. The company serves large enterprises and is a leading partner of the public sector in implementing digital transformation initiatives powered by cloud solutions. GigaCloud\u2019s infrastructure includes five data centers located in Ukraine and Poland across three availability zones. GigaCloud leverages state-of-the-art technologies to build secure, resilient, and highly available cloud infrastructure.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This release contains \u201cforward-looking statements\u201d, within the meaning of the Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to VEON&#8217;s performance and strategic ambitions in Ukraine with the acquisition of GigaCloud. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to VEON&#8217;s performance and strategic ambitions in Ukraine with the acquisition of GigaCloud, among others discussed in the section entitled \u201cRisk Factors\u201d in VEON\u2019s 2025 Form 20-F filed with the SEC on March 16, 2026 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTI4MDYyNSM0MDI1MzUzMDMjMjAwMzU0OA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/YTVlZWUzNzQtYWUyNC00OThmLTllNWQtM2Q5ODJjZTBjZGQyLTEwMTUxMjEtMjAyNi0xMC0yOS1lbg==\/tiny\/VEON-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition of GigaCloud, valued at up to USD 50 million, expands secure, resilient cloud infrastructure for Ukrainian businesses and public institutions New York, Dubai &amp; Kyiv, 29 October 2026 \u2013 VEON Ltd. (Nasdaq: VEON), a global digital operator (\u201cVEON\u201d or the \u201cCompany\u201d), today announces that its Ukrainian digital operator Kyivstar (Nasdaq: KYIV; KYIVW) (the \u201cCompany\u201d or \u201cKyivstar\u201d) is to acquire GigaCloud, one of Ukraine\u2019s leading cloud infrastructure providers. Valued at up to USD 50 million, the acquisition will expand the secure, resilient digital infrastructure that Ukrainian businesses and public institutions need to operate, innovate and grow. It also accelerates VEON\u2019s strategy to build cloud services for enterprise customers and reinforces Kyivstar\u2019s long-term commitment to Ukraine\u2019s digital economy. Founded in 2016, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veons-kyivstar-acquires-gigacloud-expanding-cloud-services-for-ukrainian-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VEON\u2019s Kyivstar Acquires GigaCloud, Expanding Cloud Services for Ukrainian Businesses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1014993","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VEON\u2019s Kyivstar Acquires GigaCloud, Expanding Cloud Services for Ukrainian Businesses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/veons-kyivstar-acquires-gigacloud-expanding-cloud-services-for-ukrainian-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VEON\u2019s Kyivstar Acquires GigaCloud, Expanding Cloud Services for Ukrainian Businesses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition of GigaCloud, valued at up to USD 50 million, expands secure, resilient cloud infrastructure for Ukrainian businesses and public institutions New York, Dubai &amp; Kyiv, 29 October 2026 \u2013 VEON Ltd. (Nasdaq: VEON), a global digital operator (\u201cVEON\u201d or the \u201cCompany\u201d), today announces that its Ukrainian digital operator Kyivstar (Nasdaq: KYIV; KYIVW) (the \u201cCompany\u201d or \u201cKyivstar\u201d) is to acquire GigaCloud, one of Ukraine\u2019s leading cloud infrastructure providers. Valued at up to USD 50 million, the acquisition will expand the secure, resilient digital infrastructure that Ukrainian businesses and public institutions need to operate, innovate and grow. It also accelerates VEON\u2019s strategy to build cloud services for enterprise customers and reinforces Kyivstar\u2019s long-term commitment to Ukraine\u2019s digital economy. 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(Nasdaq: VEON), a global digital operator (\u201cVEON\u201d or the \u201cCompany\u201d), today announces that its Ukrainian digital operator Kyivstar (Nasdaq: KYIV; KYIVW) (the \u201cCompany\u201d or \u201cKyivstar\u201d) is to acquire GigaCloud, one of Ukraine\u2019s leading cloud infrastructure providers. Valued at up to USD 50 million, the acquisition will expand the secure, resilient digital infrastructure that Ukrainian businesses and public institutions need to operate, innovate and grow. It also accelerates VEON\u2019s strategy to build cloud services for enterprise customers and reinforces Kyivstar\u2019s long-term commitment to Ukraine\u2019s digital economy. 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