The deal structure includes a primary acquisition price of $41 million, supplemented by $4 million in deferred debt and $3 million tied to performance metrics. An additional $2 million is earmarked for the reimbursement of capital expenditures. Kyivstar confirmed that GigaCloud will function as an independent business unit, with the original founders remaining at the helm to ensure continuity.
In section Market Quotes
Kyivstar Expands Cloud Footprint with $50 Million GigaCloud Acquisition
Kyivstar Group has reached an agreement to acquire Ukrainian cloud provider GigaCloud for a total consideration of up to $50 million. The move marks a strategic shift for the telecommunications operator as it looks to bolster its digital infrastructure and service portfolio within the regional market.
Existing service levels, commercial contracts, and operational terms for GigaCloud clients will remain unchanged following the integration. Kyivstar management expects the transaction to provide an immediate boost to earnings and cash flow, reinforcing the company's objective to support Ukraine’s long-term digital economy through targeted infrastructure investment.
Comments (0)
No comments yet. Be the first!