Astro invests another US$140m in Indonesia

According to Indonesia Today, Indonesia’s premier business blog in English, ASTRO is investing another US$140 million in Indonesia

PT Direct Vision, a JV between Malaysia’s Astro and Lippo Group, has invested US$140 million since last month to boost its presence in Indonesia’s direct-to-home broadcasting market, Antara news agency reported.

In its first six months of operation, Astro managed to get 30,000 customers with target of 150,000 customers by the year end. In the next five years, Astro plans to boost its investment by US$1 billion with ambitious target of up to 2 million customers.

Indonesia Today by Yosef Ardi: ASTRO invest another US$140 million in Indonesia