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JAKARTA. PT Visi Media Asia Tbk (VIVA) budgeted capital expenditure or capital expenditure (capex) of Rp 400 billion in the next year. "Capex has increased significantly next year than this year. Meanwhile, the realization of capex until October this yearhas reached USD 100 billion," said
VIVA finance director Charlie Kasim, Friday (11/11).
Charlie says, capital spending next year will be used foracquisition of investment cost network television program calledSport One, amounting to Rp 300 billion.
"In addition, our subsidiary, TV One and quiz, requiring financing of $ 150 billion in 2012. We are also currently building a studio toquiz the epicenter of some of its financing signed in capex in 2012," explained Charlie.
For the record, the epicenter studios have started to be builtsince May, and will likely be completed in February next year.
Funding for the capex will be taken from the Initial Public Offering (IPO), as well as internal cash. "Our internal cash is still availablearound the Rp 350 billion and sufficient for capex financing needs," said Charlie
source:investasi.kontan.co.id
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VIVA finance director Charlie Kasim, Friday (11/11).
Charlie says, capital spending next year will be used foracquisition of investment cost network television program calledSport One, amounting to Rp 300 billion.
"In addition, our subsidiary, TV One and quiz, requiring financing of $ 150 billion in 2012. We are also currently building a studio toquiz the epicenter of some of its financing signed in capex in 2012," explained Charlie.
For the record, the epicenter studios have started to be builtsince May, and will likely be completed in February next year.
Funding for the capex will be taken from the Initial Public Offering (IPO), as well as internal cash. "Our internal cash is still availablearound the Rp 350 billion and sufficient for capex financing needs," said Charlie
source:investasi.kontan.co.id
please give me comments thanks
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