India, Nov. 6 -- Digital services and telecommunications company VEON Ltd. (VEON) announced on Friday that it has agreed to acquire a 33.75% equity stake and control rights in JungoTV Holdco, Inc., the newly formed holding company of U.S.-based media company Jungo TV.
The company said the investment would combine Jungo TV's content portfolio and international distribution network with VEON's digital platforms and customer base. This will help expand entertainment and sports offerings across its operating markets.
Jungo TV distributes streaming and television channels in more than 60 countries through platforms and broadcast partners including Amazon Prime Video, Pluto TV, DIRECTV, Sling, Jio, SuperSport and MBC, VEON said.
The company's ...