Private equity groups – including The Carlyle Group, Providence Equity Partners, Quadrangle Capital Partners and General Atlantic – are lining up a bid to acquire a 40% stake in US$800m valued pay-TV group MCN Sky Vision.
JPMorgan and Standard Chartered…
Private equity groups – including The Carlyle Group, Providence Equity Partners, Quadrangle Capital Partners and General Atlantic – are lining up a bid to acquire a 40% stake in US$800m valued pay-TV group MCN Sky Vision.
JPMorgan and Standard Chartered are advising MCN Sky Vision.
The firm currently has around 600,000 subscribers, a 70% share of the pay-TV market, and operates via the Indovision and Top TV brands.
The company, 51% controlled by Indonesian media giant Global Mediacom, recorded earnings of around US$35m in 2009.