Cable television operator Astro All Asia Networks PLC is planning to raise around US$1.5 billion in an IPO in Malaysia. The company is looking to list in the fourth quarter of this year.
Astro has a virtual monopoly on pay-to-watch TV services in Malaysia and operates eight terrestrial radio stations. The company was de-listed from the Malaysian stock exchange following a 2010 buyout by Mr. Krishnan and the investment holding arm of the Malaysian government’s Khazanah Nasional Bhd.
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