CVC eyes IPO for Indonesian cable operator LinkNet - report
LinkNet, the Indonesian cable television and broadband operator in which CVC Capital Partners holds a 49% stake, is reportedly targeting an IPO this year. It would be the second share offering in 2013 by one of the private equity firm’s Indonesia-based portfolio companies, following a partial exit from Matahari Department Store.
According to The Wall Street Journal, LinkNet's IPO will raise as much as $200 million. The float is expected to represent a small portion of the overall company. LinkNet provides fixed-broadband and...
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