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.
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