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RAKUTEN ENTERS INDONESIA`S E-COMMERCE MARKET BY FORMING A JOINT VENTURE WITH PT GLOBAL MEDIACOM TBK PDF Print E-mail
Rakuten enters Indonesia’s E-commerce Market by forming a Joint Venture with PT
Global Mediacom Tbk, Indonesia’s largest media company.

Jakarta, Indonesia – May 26th, 2010

Rakuten, Inc. (“Rakuten,” Chairman and CEO: Hiroshi Mikitani, Head Office: Shinagawa-ku, Tokyo), Japan’s leading internet company, has announced that it will form a joint venture with Indonesia’s largest media group, PT Global Mediacom Tbk (“Global Mediacom,” Group President and CEO, Hary Tanoesoedibjo, Head Office: Jakarta), to launch Rakuten Ichiba’s business in the country. Rakuten will own 51% shareholding and Global Mediacom 49%.

 

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Highlights

PT. GLOBAL MEDIACOM Tbk (MCOM) 1H 2010 NET PROFIT SOARS BY 68%, A MAGNIFICENT PERFORMANCE

Jakarta, Indonesia – 2 August 2010

PT. Global Mediacom Tbk (“MCOM”) has recorded a very strong performance in the first half 2010 ending June 30 as depicted in Figure 1. The 1H 2010 consolidated revenues rose by 22% to become Rp3 trillion from Rp2.4 trillion in the same period last year. Operating profit, EBITDA and net profit increased satisfactory by 80%, 60% and 68% respectively y-o-y.

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GLOBAL MEDIACOM INCREASES ITS STAKES IN MNC SKY VISION

Jakarta, Indonesia - June 16th, 2010

 

On June 2nd, 2010, PT Global Mediacom Tbk (“Mediacom”) has converted the mandatory exchangeable bonds into 1,525,268,700 shares of PT MNC Sky Vision (“MNC SV”). The bond conversion have enlarged Mediacom`s ownership in MNC SV from 51% to 75.54%.

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RAKUTEN ENTERS INDONESIA`S E-COMMERCE MARKET BY FORMING A JOINT VENTURE WITH PT GLOBAL MEDIACOM TBK

Rakuten enters Indonesia’s E-commerce Market by forming a Joint Venture with PT
Global Mediacom Tbk, Indonesia’s largest media company.
more

GLOBAL MEDIACOM HAS CONVENED 2009 AGMS AND EGMS

Jakarta, Indonesia – April 27, 2010

 

PT Global Mediacom Tbk (Mediacom or the Company) has convened an Annual General Meeting of Shareholders (AGMS) today to report on the financial statements for the year ended December 31, 2009.

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