Telco Veon ‘discussing’ possibility of acquiring Megogo

Internet services provider Veon Holding is looking at acquiring the international OTT streaming platform Megogo, according to reports in Russia.

Discussions over the sale are ongoing, according to Russian media company RBC, citing sources in the telecoms and media sectors.

Megogo is one of the largest OTT services in Russia, Ukraine and the surrounding CIS region.

Veon is active in Russia and Ukraine through its subsidiaries Beeline and Kyivstar, respectively.

Megogo owns various sports rights, with the majority of its rights so far focused on European football in Ukraine.

Earlier this year it acquired rights to the National Basketball Association in Russia in a deal running to 2023. At the same time it agreed a deal with boxing promotion Top Rank to broadcast its fights live and on-demand in Ukraine for the rest of the year.

It exploits football rights on its Megogo Football channel, and boxing on the Megogo Ring channel.