# VEON Agrees to Acquire 33.75% Stake in JungoTV Holdco, Inc.

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51150
Published: 2026-11-07T22:40:29.000Z
Updated: 2026-11-07T22:40:29.000Z
Section: Business

> The agreement includes control rights and calls for $5 million in cash and about 2.35 million Kyivstar Group Ltd. shares.

VEON has agreed to acquire a 33.75% equity stake and control rights in JungoTV Holdco, Inc., Jungo TV’s newly formed holding company, in a deal expected to close in 2027, subject to conditions.

The payment structure calls for $5 million in cash at signing and approximately 2.35 million existing shares of Kyivstar Group Ltd. at closing.