PT Visi Media Asia has invited Hong Kong listed company Asia Satellite Telecommunications (AsiaSat) to launch its satellite pay TV program called Viva+, AsiaSat said in a statement.
Visi Media has spent up to $150 million to finance the Viva+ project, which is expected to boost 2014 revenue by up to 30 percent. The firm booked revenues of 1.6 trillion rupiah ($138.9 million) in 2013, up 33 percent from a year earlier. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy.
$1 = 11520.0000 Indonesian Rupiah Compiled by Jakarta Newsroom; Editing by Anand Basu