Ashurst Advises CT Corp on Financing for Indonusa Telemedia Acquisition

Ashurst has advised an affiliate of PT CT Corpora (“CT Corp“) on the financing of the acquisition of PT Indonusa Telemedia.

The team from Ashurst’s Hong Kong office was led by finance partner Dominic Gregory, assisted by associate Bhavesh Madia.

CT Corp is a rapidly growing, diversified Indonesian-based holding company that is active in financial services, media, lifestyle and entertainment, and natural resources.  PT Indonusa Telemedia operates the TelkomVision pay television service, which is broadcast over satellite, cable and IPTV in Indonesia.

Ashurst has represented CT Corp in previous financings, including in relation to its acquisition of the remaining 60% interest of Carrefour Indonesia.

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