Bhakti Group to expand media footprint
Jakarta (ANTARA News/Asia Pulse) - Indonesia's widely diversified Bhakti Group said it will invest at least US$180 million this year to expand business in the mass media and telecommunications sector.
Hary Djaja, president of holding company PT Bhakti Investama said mass media subsidiary PT Media Nusantara Citra plans to invest US$10 million and telecommunication subsidiary PT Mobile-8 will invest up to US$170 million.
Mr Djaja said the holding company would focus more on business in the financial sector through Bhakti Finance, providing financing service for the purchase of housing and motorcycles.
Hary Djaja, president of holding company PT Bhakti Investama said mass media subsidiary PT Media Nusantara Citra plans to invest US$10 million and telecommunication subsidiary PT Mobile-8 will invest up to US$170 million.
Mr Djaja said the holding company would focus more on business in the financial sector through Bhakti Finance, providing financing service for the purchase of housing and motorcycles.