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CVC Pours $269M Into PT First Media

Buyout shop CVC will invest 2.35 trillion rupiah ($269 million) in the cable TV and internet units of Indonesian media firm PT First Media, Reuters reported. The strategic partnership deal was announced Tuesday.

(Reuters) – Private equity firm CVC will invest 2.35 trillion rupiah ($269 million) in the cable TV and internet units of Indonesian media firm PT First Media in a strategic partnership deal, First Media said in a statement on Tuesday. ($1 = 8723.5 Rupiah)

(Reporting by Janeman Latul and Fathiya Dahrul; Editing by Neil Chatterjee)