Arqaam raises OSN valuation ahead of possible IPO:
http://www.satsupreme.com/showthread.php/272009-Arqaam-raises-OSN-valuation-ahead-of-possible-IPO?goto=newpost via SatSupreme.com - Satellite TV - Daily Satellite TV News
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Arqaam raises OSN valuation ahead of possible IPO
November 25, 2013
Dubai-based Arqaam Capital has raised its estimate of pay TV group OSN’s worth from US$2.5 billion (€1.8 billion) to US$4.3 billion ahead of the company’s potential IPO.
Arqaam said that OSN’s acquisition of South Asian channel provider Pehla Media & Entertainment in August would boost its performance. According to Arqaam, OSN posted revenue growth of 24% and subscriber growth of 22% in the first nine months of this year.
Reuters reported last month that private equity investor Stanford Marine Group hired Deutsche Bank and Golgman Sachs to look at a stock market listing in London. OSN’s largest investor, Kuwait private equity and investment firm KIPCO, which holds a 60.5% stake in the operator, said in June that it had hired Rothschild Group to advise on the potential IPO.
November 25, 2013
Dubai-based Arqaam Capital has raised its estimate of pay TV group OSN’s worth from US$2.5 billion (€1.8 billion) to US$4.3 billion ahead of the company’s potential IPO.
Arqaam said that OSN’s acquisition of South Asian channel provider Pehla Media & Entertainment in August would boost its performance. According to Arqaam, OSN posted revenue growth of 24% and subscriber growth of 22% in the first nine months of this year.
Reuters reported last month that private equity investor Stanford Marine Group hired Deutsche Bank and Golgman Sachs to look at a stock market listing in London. OSN’s largest investor, Kuwait private equity and investment firm KIPCO, which holds a 60.5% stake in the operator, said in June that it had hired Rothschild Group to advise on the potential IPO.
http://www.satsupreme.com/showthread.php/272009-Arqaam-raises-OSN-valuation-ahead-of-possible-IPO?goto=newpost via SatSupreme.com - Satellite TV - Daily Satellite TV News
via Tumblr http://kiwieurope.tumblr.com/post/68074949277
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