JAKARTA (Yosefardi) – PT Link Net, subsidiary of PT First Media Tbk (KBLV) plans to launch its IPO (initial public offering) in May or June this year, to offer 10-15% shares to public.
The company will use the IPO proceeds to fund its capex this year, It will start to expand its pay tv (BigTV) and optic cable-based broadband (high speed internet services).
By end of this year, Link Net targets to build 300,000 units of homepass, and targets its users to grow by 30% to 800,000 users from current 600,000 users.
While KBLV expects to book revenue of Rp1.5 trillion in 2013, a 26-30% growth compared to 2012’s revenue.