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30 January 2010

Foreigners set sights on Indonesian pay-TV provider
British Business Monitor
GBBUSM
English
(c) 2010. AII Data Processing Ltd.

(ADPnews) – Jan 30, 2010 – Foreign private equity companies and strategic investors are negotiating the purchase of a 40% stake in Indonesian pay-television provider MNC Sky Vision in a deal that could set the group’s value at USD 800 million (EUR 576m), the Financial Times reported.

MNC Sky Vision has two brands, Indovision and Top TV, which have a combined subscriber base of 610,000, equal to a 70% market share. The company’s 2009 earnings stood at about USD 35 million.

Research group Media Partners Asia has published a forecast that the penetration rate of pay-television in Indonesia would grow from 3% to 8%, equal to 3 million subscribers, in the next five years.

Global Mediacom (JAK:BMTR), Indonesia’s major media company, holds a 51% stake in MNC Sky Vision.