Pay-TV operator MNC Vision Networks (IPTV) signed an agreement to acquire Lippo Group’s unit, Link Net (LINK) from First Media (KLBV) and PT Asia Link Dewa. First Media’ spokesman, Harlanda Noerlan said that the term sheet agreement is the initial step of the whole acquisition plan. The acquisition process, he said, depended on due diligence result, the agreement between IPTV and other parties, as well as the market and regulation. The related parties will reach further agreement in a maximum of six months.

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