Announced
Financials
Tags
Reverse Takeover
Friendly
Majority
Domestic
Indonesia
broadband
Cable Television
Pending
telecom
De-SPAC
Single Bidder
Private
Acquisition
Synopsis
Asia Vision Network, a subsidiary of MNC Vision Networks, an Indonesia-based provider of TV and broadband networks, agreed to go public via the merger with Malacca Straits Acquisition, a SPAC, in a $573m deal. The business combination is subject to customary closing conditions, including the approval of MLAC’s shareholders, and is expected to be consummated in Q3-2021. “Together with Malacca Straits, we are determined to bring Indonesian’s fastest growing OTT and streaming business to be listed on NASDAQ, the deepest capital market in the world. Furthermore, with this significant step forward, we believe it will accelerate the growth of the Company with its unique business model,” Ade Tjendra, MNC Vision Networks President Director.
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