Asia Vision Network to go public via the merger with Malacca Straits Acquisition in a $573m deal.

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.