(MENAFNEditorial)
JAKARTA May 21 2015—Indonesian tycoon Hary Tanoesoedibjo prepares IDR1 trillion fund for development of its Pay TV business namely Indovision which is conducted by PT MNC Sky Vision Tbk.
MNC SKY Vision Director Erwin Richard Anderson said the company allocates capital expenditure (capex) worth IDR1 trillion from its internal cash.
“From the investment of IDR1 trillion around 80% will be used for decoder” he said during a public disclosure in MNC Tower Wednesday (5/20/2015).
He said the absorption of capital expenditure this year is estimated to have reached 40% until May 2015.
The MSKY-coded company targets to open 20 branches throughout Indonesia this year. Up to now MNC Sky Vision has opened seven new branches. Read more..
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