First Media

First Media

Portfolio Description

PT First Media Tbk (IDX: KBLV), formerly known as PT Broadband Multimedia Tbk, is an Indonesian public company listed on Indonesia Stock Exchange. First Media provides broadband internet service, cable television, and data communications, which as a whole is introduced as the “Triple Play”. First Media provides services to the areas of Jabodetabek, Surabaya, and Bali.

First Media is a subsidiary of Lippo Group. First Media also holds full ownership of PT. Ayunda Prima Mitra which controls 80% of PT Direct Vision, the company that operates the satellite television service Astro Nusantara. Astro Nusantara itself no longer in operation since October 20, 2008.

In 2008, First Media has approximately 180,000 internet subscribers and around 130,000 television subscribers. First Media’s fiber-optic network has a length of 2,597 kilometers spread across Jabodetabek, Surabaya, and Bali. First Media will target one million affordable homes their network before early 2009. Since September 2013, BiG TV affiliate with First Media Under Lippo Group Management and it’s available through the nation.

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