Kyivstar is moving deeper into cloud infrastructure with a planned GigaCloud acquisition. The Ukrainian operator will pay about $50 million for the company.
The move targets large enterprises and public institutions. It also supports Ukraine’s growing demand for local, resilient digital infrastructure. Kyivstar says GigaCloud brings cloud expertise, business customers, and infrastructure in Ukraine and Poland.
The purchase gives Kyivstar a stronger position in “sovereign” cloud services. These services keep data under local control and local rules. That point matters more as governments reassess foreign cloud dependence.
The deal may also support future AI services. Cloud platforms provide the computing base for automation, analytics, and digital public systems. GigaCloud reported about $14 million in 2025 revenue. It also posted $4.7 million in EBITDA.
However, sovereign cloud remains a developing market in Europe. Large banks still question its maturity. Temenos CEO Takis Spiliopoulos said European sovereign AI and cloud platforms need more time. Major financial institutions require proven scale, security, and reliability.
Meanwhile, the UK broadband market faces a separate dispute. Virgin Media O2 chief Lutz Schüler attacked BT’s purchase of TalkTalk. He called it a “backroom deal” and demanded deeper scrutiny.
“BT has dominated the wholesale market for decades and is the largest retail broadband provider in the country,” writes Schüler. “Should this acquisition of one of its closest competitors be waved through, BT’s market power will be further enhanced with less incentive to compete.”
BT previously said customer protection drove the acquisition. It argued TalkTalk’s possible collapse could threaten vulnerable users and public services. Still, rivals fear the deal may reduce competition in wholesale and retail broadband.
Elsewhere in Europe, KPN reported steady third-quarter progress. Adjusted revenues rose 2.9% year over year to €1.49 billion. Mobile postpaid subscriptions grew by 24,000 during the quarter. Broadband numbers fell by 7,000, showing pressure in fixed access.
Telenor also posted growth in the third quarter. Service revenues increased 1.6% to 14.8 billion Norwegian kroner. Its KNL unit strengthened its role in secure defense communications. The company signed a framework agreement with the Danish Armed Forces.
Leadership changes continue at Vodafone. Joakim Reiter will leave after more than nine years. He will become secretary general of the European Roundtable for Industry next year.
Finally, RETN is expanding in the Balkans. The London-based network provider added a presence at Neterra’s Sofia data center. This connects Neterra to RETN’s backbone across Europe and Asia.
