VEON to Acquire Interest in Jungo TV and All Women’s Sports Network (AWSN) to Accelerate Digital Entertainment Growth
Globe Newswire•06/11/2026•04:07 ET
3
Key Highlights
- ➤VEON to acquire 33.75% stake and control rights in JungoTV Holdco
- ➤Consideration includes $5 million cash plus approximately 2.35 million Kyivstar shares
- ➤Kyivstar share consideration uses agreed reference price of $18.00 per share
- ➤Transaction expected to close in 2027, subject to customary conditions and approvals
- ➤Jungo TV distribution spans 65 countries, including AWSN women’s sports network
Expert Statements
Kaan Terzioglu, Chief Executive Officer of VEON Group
“Entertainment is central to our digital operator strategy: bringing customers services they value throughout the day”
Kaan Terzioglu, Chief Executive Officer of VEON Group
“Jungo TV, and particularly AWSN, bring together distinctive content, an exciting women’s sports platform and established international distribution. By combining these strengths with our digital platforms and customer relationships, we aim to bring compelling entertainment to more people, deepen engagement and build new sources of digital revenue. This investment connects American content with the opportunities in our markets and gives us a platform for further international growth.”
Nasser Kazeminy, Chairman of Jungo TV
“At Jungo TV, we have always believed that exceptional content has no borders; it belongs to the world. This partnership with VEON is a defining moment, not only for Jungo TV and AWSN, but for the many millions of viewers across emerging markets who deserve access to world-class digital entertainment. VEON's unparalleled global reach and infrastructure, combined with our content vision and the remarkable platform that AWSN represents, creates something truly extraordinary. I am immensely proud of what we have built, and I am genuinely excited about what we will build together”
Whoopi Goldberg, Co-Founder of AWSN
“When we started AWSN, the idea was simple: women athletes deserve the same opportunity to be seen, celebrated, and supported as anyone else. Talent doesn't have borders, and neither should opportunity. Our partnership with VEON allows us to bring these incredible women and their stories to millions of new fans around the world. This is about more than sports. It's about changing what the next generation gets to see, believe, and dream is possible. Because when she wins, we all win”
Investment combines U.S. entertainment and women’s sports content with VEON’s digital platforms and Jungo TV’s distribution across 65 countries
New York, Los Angeles, Dubai, November 5, 2026 — VEON Ltd. (NASDAQ: VEON), a global digital operator, today announced an agreement to make a strategic investment in JungoTV Holdco, Inc., the newly formed holding company of Jungo TV, a U.S. media company headquartered in Los Angeles. VEON will acquire a 33.75% equity stake, and control rights.
Get started
Create a free account to read the full story.
