Independent News & Media has today announced that it has completed the purchase of a 20% stake in the Jakarta-based media group, PT Abdi Bangsa TBK.
PT Abdi Bangsa has reported strong growth, with revenues for the half year (to June 2008) increasing by 24% year-on-year to €4.7m, while EBITDA has increased 44% year-on-year to €1m.
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