Dec 30, 2010

SCTV acquires Bangka Tele Vision

TV station PT Surya Citra Televisi (SCTV), a wholly owned subsidiary of PT Surya Citra Media Tbk (SCMA), controlled by Indonesian businessman Sariaatmadja family, reported an acquisition of 85% shareholding in PT Bangka Tele Vision at Rp425 million.
Surya Citra Media Corporate Secretary Hardijanto Saroso said Surya Citra Televisi purchased Bangka Tele Vision from two previous shareholders namely PT Kuda Persada Sakti and PT Indonesia Network Information.
However, he didn't disclose what is the next strategy to develop Bangka Tele Vision.

Disclosure: No position at the stock mentioned above.  

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