Emtek Receives US$ 50 million Investment from Standard Chartered

(Ilustrasi dok)

JAKARTA (IndoTelko) – PT Elang Mahkota Teknologi Tbk (Emtek) and Standard Chartered Private Equity (SCPE) have successfully concluded an investment agreement where SCPE will invest up to US$ 50 million in the development of Emtek’s healthcare business in Indonesia.

Emtek is expanding its investments in Indonesia’s healthcare sector via its subsidiary, Emtek Medika Corpora (EMC). In this partnership, Emtek and SCPE aim to provide world class healthcare services to the Indonesian population through EMC’s chain of hospitals.

The chain is being developed by acquisitions and greenfield development of new medical facilities, leveraging Emtek and Standard Chartered Bank’s international and domestic medical networks.

The Emtek Group is one of the most prominent media, content and technology businesses in Indonesia. Emtek operates three free to air television channels, a Pay-TV business and several IT solutions business.

Emtek’s mission is to work every day to be the first choice provider of quality content to Indonesians and to establish ourselves as the most trusted service provider of a full range of solutions to satisfy the needs of all of our customers.

The national free to air television businesses in the Emtek Group comprise two national broadcasters, SCTV and Indosiar, and regional broadcaster for Jakarta, O-Channel.

The Pay-TV business operates as Nexmedia and uses a Digital Video Broadcasting Terrestrial (DVBT) platform. In conjunction with its television businesses, Emtek Group owns controlling interests in several content production ventures including PT Screenplay Produksi (creates film for television and drama series) and PT Animasi Kartun Indonesia operating as Dreamtoon (creates children’s animation).

In January 2013 Emtek expanded its media interests into Thailand through the acquisition of an interest in Plan B Media Ltd, the second largest out of home advertising business in Thailand and a leader in product innovation.

Emtek commenced diversification of its business into hospitals through EMC, which successfully acquired an interest in a 350 bed hospital located in Tangerang, Indonesia.(es)