Veon Takes Stake in Jungo TV
Telecom group Veon agreed to acquire nearly 33.8% of streaming platform Jungo TV, paying in cash and Kyivstar shares.
Updated on Nov. 6, 2026 in Television
Live Poll
Do you think streaming services are getting better or worse for your household?
Veon has agreed to buy a stake of almost 33.8% in Jungo TV, combining $5 million in cash with around $42.3 million worth of its Kyivstar shares. The investment is subject to usual closing conditions, including regulatory approvals, and is expected to complete in 2027.
Why it matters
The deal gives Veon access to Jungo TV's streaming content across its markets, which the company expects will strengthen its digital entertainment business. For international viewers, it signals telecom operators moving further into streaming content.
The stake combines $5 million in cash with 2.35 million existing Kyivstar shares valued at $18 each, roughly $42.3 million in total. Jungo TV channels are streamed in 65 countries, but the deal's closing conditions remain subject to regulatory approval.
The players
Veon
Veon is a multinational telecommunications group that owns the Kyivstar operator in Ukraine and is buying the Jungo TV stake.
Jungo TV
Jungo TV is a streaming platform that distributes channels in 65 countries through various platforms and partners.
All Women's Sports Network
The All Women's Sports Network is a service co-founded by Whoopi Goldberg that is dedicated to female sport and forms part of Jungo TV's headline offering.
The details
Veon will distribute Jungo TV programming across Pakistan, Bangladesh, Uzbekistan, Kazakhstan and Ukraine after the deal completes. Jungo TV's headline offering includes the All Women's Sports Network, a service co-founded by actress Whoopi Goldberg that is dedicated to women's sport.
Timeline
Article on the Jungo TV stake deal published November 6, 2026.
Expected completion of the investment in 2027.
Industry Dynamics
The deal reflects telecom operators increasingly acquiring streaming content to bundle with connectivity services, an approach that has grown as subscription video competes for viewers. Veon's move places a telecom group in direct partnership with a streaming platform rather than relying solely on third-party content licensing.
Once the deal completes, Jungo TV programming will be offered across Veon's markets in Pakistan, Bangladesh, Uzbekistan, Kazakhstan and Ukraine. Viewers in those markets may gain access to its channels, including women's sports programming through the All Women's Sports Network.
The takeaway
Telecom companies are increasingly turning to owned content as a way to hold subscribers in a crowded market. For viewers, the practical question is whether bundled access improves what they can watch and how much it costs.
Further reading
For more on streaming platforms and their programming, see Television.
Source note: This article includes information reported by Mobile World Live.
Live Poll
Do you think streaming services are getting better or worse for your household?
