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20240602_IPTV_Laporan Informasi dan Fakta Material_31645224_lamp2.pdf
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PT MNC VISION NETWORKS TBK
(IDX: “IPTV”)
Jakarta, 03 June 2024
Company Statement Regarding Inclusion of
IPTV on IDX Special Monitoring Board
PT MNC Vision Networks Tbk (“IPTV” or the “Company”), has entered the Special Monitoring Board in The
Indonesian Stock Exchange (“IDX”) dated as of 31 May 2024. IPTV understands this share price fluctuation may
cause concern for our valued investors, and we want to take this opportunity to provide clarity and reaffirm our
commitment to long-term value creation.
IDX recently implemented a Full Call Auction system for stocks on the Special Monitoring Board. Few criterias
that trigger this Board inclusion is the average price of shares during the last six months on the regular market
was less than Rp51 and its illiquidity.
As previously announced during the Company’s latest disclosure at the end of 2023, IPTV has decided to divest its
broadband subscribers and networks to Indosat and Asianet, respectively. This reflects a strategic decision to
streamline operations and concentrate on areas where the Company has a competitive advantage in and allows
us to allocate resources more efficiently and prioritize investments in enhancing our content delivery platforms.
In today’s subscription based media landscape, it is very crucial to minimize capital expenditures, while still
delivering higher quality products and services. With 2 DTH satellite Pay-TV services, MNC Vision and K-Vision,
along with the IPTV service through MNC Play and Vision+ TV, totaling close to 13 million subscribers. The
Company is positioned well in the market and have a strong bargaining position to secure sought-after and high-
profile content that can be a significant driver to further increase our subscriber’s base.
The Company has a prominent sporting program on hand for June through EURO 2024. Furthermore, with an
expected significant subscriber increase for that period, IPTV has prepared various content packages to increase
stickiness and reduces churn.
Apart from that, the Company is also making efforts to expand its customer base by entering other market
regionally, such as Malaysia, where the IPTV’s operations has been running through the OK Vision brand.
Moreover, the Company will also focus on selling its products to corporate customers, including but not limited
to hotels and hospitals in Indonesia. Currently, the Company through its two brands, MNC Vision and K-Vision,
has entered many hotels and hospitals, especially on the islands of Java and Bali. Considering the huge potential
market in the corporate sector, the Company will put heavy emphasis in sales growth for corporate sector
outside Java and Bali.
In closing, IPTV is strongly reiterating its effort to emphasize on taking various proactive steps to safeguard the
interest of all market participants during this period and these efforts are likely to yield positive outcomes in the
long run to reassure shareholders about IPTV’s resilience and commitment for their interests.
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For further information, please contact:
Luthan Fadel Putra PT MNC VISION NETWORKS TBK
Investor Relations
MNC Tower, 29th floor
luthan.putra@mncgroup.com
Jl. Kebon Sirih Kav 17 - 19
Jakarta 10340
Phone: 62-21 3913338
Fax : 62-21 3910454
Disclaimer
By accepting this Press Release, you are agreeing to be bound by the restrictions set out below. Any failure to comply with
these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this
Press Release have not been independently verified, and no representation or warranty, expressed or implied, is made as to,
and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions
contained herein. It is not the intention to provide, and you may not rely on this Press Release as providing, a complete or
comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or
results of operations of the company or its subsidiaries. The information and opinions contained in this Press Release are
provided as at the date of this presentation and are subject to change without notice. Neither the company (including any of
its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or
representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or
completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever
arising from any use of this presentation. In addition, the information contained in this Press Release contains projections
and forward-looking statements that reflect the company’s current views with respect to future events and financial
performance. These views are based on a number of estimates and current assumptions which are subject to business,
economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in
many cases are outside the control of the company and its directors. No assurance can be given that future events will
occur, that projections will be achieved, or that the company’s assumptions are correct. Actual results may differ materially
from those forecasts and projected. This Press Release is not and does not constitute or form part of any offer, invitation or
recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in
connection with any contract, commitment or investment decision in relation thereto. Any investment in any securities
issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of
such securities.
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