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VEON to Acquire Interest in Jungo TV and All Women’s Sports Network (AWSN) to Accelerate Digital Entertainment Growth
GlobeNewswire Inc.·
VEON Ltd. announced a strategic investment to acquire a 33.75% equity stake and control rights in JungoTV Holdco, Inc., combining Jungo TV's content portfolio and international distribution with VEON's digital platforms. The investment comprises $5 million in cash and approximately 2.35 million Kyivstar shares valued at $18.00 per share. The deal aims to expand entertainment and women's sports programming across VEON's markets in Pakistan, Bangladesh, Uzbekistan, Kazakhstan, and Ukraine, with closing expected in 2027.
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