Ananda plans US$1b pay-TV IPO by end-Sept

  • Business Premium
  • Friday, 15 Jun 2012

KUALA LUMPUR: Malaysian tycoon T. Ananda Krishnan plans to re-list Astro All Asia Networks by end-September in a deal that would give the pay-TV firm a market capitalisation of up to RM15bil (US$4.7bil), according to two sources with direct knowledge of the flotation.

The initial public offering (IPO) plan by Ananda, Malaysia's second-richest man, comes on the heels of a $2.8 billion sale of his power assets and proposal to hive off a stake in his satellite operator MEASAT Global in March.

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