GlobeNewswire·Nov 6, 2026, 4:07 AM ET

VEON to Acquire Interest in Jungo TV and All Women’s Sports Network (AWSN) to Accelerate Digital Entertainment Growth

VEON announced a strategic investment to acquire a 33.75% equity stake & control rights in Jungo TV, a U.S. media company.
The deal combines Jungo TV's content portfolio & distribution across 65 countries with VEON's digital platforms & local market expertise.
Jungo TV's portfolio includes the All Women's Sports Network (AWSN), co-founded by Whoopi Goldberg, which broadcasts 24/7 women's sports content.
Both companies will remain headquartered in Los Angeles & led by their existing U.S.-based management teams.
VEON plans to expand Jungo TV programming access in Pakistan, Bangladesh, Uzbekistan, Kazakhstan, & Ukraine to drive revenue growth.
The transaction consideration includes $5 million in cash payable on signing & approximately 2.35 million existing Kyivstar shares held by VEON.
The Kyivstar shares will be delivered at closing at a reference price of $18.00 per share, subject to a 12-month staged lock-up.
The deal does not involve the issuance of new Kyivstar shares & is expected to close in 2027 pending regulatory approvals.
The investment aims to deepen customer engagement & create new digital revenue sources through subscriptions, advertising, sponsorship, & content licensing.