📋 Tender Overview
Project Number: 49224
Company Name: PT Multivision Plus Tbk
Date ESRS Disclosed: Jun 11, 2024
Country: Indonesia
Region: East Asia and the Pacific
Environmental Category: B
Status: Pending Approval
Sector: Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)
Industry: Telecommunications, Media, and Technology
Department: Regional Industry - INF Asia & Pac
Project Description
PT Tripar Multivision Plus Tbk ( MVP or the Company ), founded in 1990, is one of the largest media houses in Indonesia. MVP actively focuses on the following sectors: (i) film production; (ii) television drama (sinetrons) production; (iii) web series production; (iv) cinema operations; and (v) film distribution. MVP's products are primarily sold to free-to-air (FTA) channels, (over-the-top) OTT channels active in Indonesia, and 3rd party cinema operator. IFC proposes up to US$ 20 million loan to the Company. The proceeds of the IFC financing would be used for refinancing existing loans and primarily for investments in new local content production and working capital requirements. MVP currently has its head office in Jakarta and subsidiaries or associated entities in Laos, Malaysia, Cambodia, Timor Leste and Thailand. All overseas subsidiaries/associated entities mainly work on distribution and/or cinema, with the exception of the entity in Malaysia, which produces daily soap opera for TV channels.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
