Reuters: Private Equity: Indonesia's MNC Skyvision to launch IPO by June

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Indonesia's MNC Skyvision to launch IPO by June Apr 30th 2012, 09:38 JAKARTA, April 30 | Mon Apr 30, 2012 5:38am EDT JAKARTA, April 30 (Reuters) - PT MNC Skyvision, Indonesia's largest pay-TV provider, plans to launch an initial public offering by June this year as it aims to tap investor demand for consumer stocks in Southeast Asia's biggest economy, the CEO of its parent company said on Monday. Hary Tanoesoedibjo, CEO of PT Global Mediacom, said that several strategic investors have shown interest in participating in the IPO, including U.S private equity firm Saban Capital. He declined to give an amount the firm was looking to raise. Sources told Reuters in March that MNC Skyvision planned to raise $300-$400 million via an IPO in June after scrapping the plan last year. MNC Skyvision is Indonesia's market leader in satellite pay-TV with a 78 percent market share from its two brands Indovision and Top TV. (Reporting by Fathiya Dahrul; Editing by Neil Chatterjee)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions