VEON agrees to acquire 33.75% stake in Jungo TV with control rights

• VEON will acquire a 33.75% stake and control rights in JungoTV Holdco, parent of Jungo TV and All Women’s Sports Network.
• Payment comprises $5 million cash at signing and approximately 2,350,000 existing Kyivstar shares at closing, at a reference price of $18 per share.
• The transaction involves no new Kyivstar shares; consideration shares face a staged 12-month lock-up following closing.
• Closing is expected in 2027, subject to customary conditions.
• The acquisition will expand entertainment and sports programming across the buyer’s operating markets, supporting subscription, advertising and other content revenue.

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