Overview

To strengthen the Company’s presence in tier 2 and tier 3 cities, MVN has formed a dedicated business unit to partner and acquire local cable operators in all provinces of Indonesia. The combined local cable operator subscribers in Indonesia is estimated to be in the range of 8-9 million households. The Company sees this as an opportunity to grow MVN subscribers’ base by engaging through the licensing of its content or acquisition. In the next 2-3 years, MVN is targeting to add 3 million subscribers from LCO partnership or acquisition.