Singapore – Malaysia-based All Asia Networks Plc has filed a notice of arbitration against a number of companies under the Lippo Group. Astro filed the arbitration with the Singapore International Arbitration Center to help recover 905 million ringgit (US$245 million) representing “the value of support and services that the Astro Group has provided to PT Direct Vision for use in its pay-TV operations in Indonesia,”according to a company statement. Direct Vision, 49 percent owned by PT Ayunda Prima Mitra, a Lippo Group subsidiary through PT First Media is the local operator with which Astro cooperated to provide services for Indonesia’s subscribers.
Ad – Before Content
Related Articles
- Calrec scoops third Argo win with NAB Show Product of the Year 2024 Award for tailored version of Argo S
- CBC launches new Spring/Summer 2024 podcast slate
- Mandarin Series BREEZE BY THE SEA, helmed by Peter Ho, starring Bolin Chen and Puff Kuo releases First Look
- Samsung TV Plus brings SURFER FAST Channel to surfing enthusiasts in Australia
- DDish TV LLC Chooses PlayBox Neo Channel-in-a-Box for Broadcast Network Expansion
- JioCinema set to redefine subscription market with launch of Premium Plans