MNC Sky Vision Spends Capital Expenditure Rp400 Billion for 2018

By : Abraham Sihombing And Aldo Bella Putra | Wednesday, June 27 2018 - 17:05 IWST

Hari Susanto Direktur Utama MSK dan Herma Kusno Direktur Keuangan MSKY (Foto Abe)
Hari Susanto Direktur Utama MSK dan Herma Kusno Direktur Keuangan MSKY (Foto Abe)

INDUSTRY.co.id - Jakarta - Manajemen PT MNC Sky Vision Tbk (MSKY) allocates capital expenditure (capital expenditure / capex) amounting to Rp400 billion for 2018. All capex funds are derived from internal cash of the company.

"Most of the capex funds will be used to finance the replacement of the decoders and various databases equipment to support the development of company's informatics technology," said Hari Susanto, President Director of MSKY, in the event of public exposure after the Annual General Meeting of Shareholders (AGM) in Jakarta on Tuesday (26/07/2018) evening.

Hari said that the allocation of capital expenditure is aimed to prepare various production lines of the company to achieve revenue growth target of around 10 percent this year. In 2017, MSKY stood at Rp2.60 trillion. Thus, MSKY revenue this year is estimated to reach Rp2, 86 trillion.

Hari said, to support the achievement of revenue targets, MSKY management should also encourage the increase in the number of pay-TV subscribers of the company that are transmitted through satellite.

In 2017, total subscribers of pay-TV MSKY were 2.48 million people with average Revenue Per User (ARPU) revenue of Rp81,078. The company's ARPU in 2017 was 0.96% higher than in the previous year of Rp80,307.

The MSKY paid television has 130 broadcast channels. A total of 32 channels are exclusive broadcast channels and 23 channels are produced by the company itself.

Starting June 23, 2018, MSKY subscription television received permission from PT Futball Momentum Asia (FMA) to broadcast World Cup football events in Russia until the closing ceremony. (Abraham Sihombing)

News Comment

Today's Industry

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…

The Indonesian Embassy in Cairo Receives Aid for Palestine

Senin, 19 Februari 2024 - 17:39 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…