A good result with detail rather than fluff in the announcement.
Doing business in Indonesia is never easy so they are in a good position with this signoff.
The technical project to build and become operational will only take a few months given its in PGASCOM I.T. Data centre and PGASCOM are procuring and paying for much of the hardware, which is good as TV2U did not have the capital to fully fund capital acquisitions without raising further funds.
Let the dust settle from the excitement of this announcement and it should be a slow build through the 1 to 2c range in my opinion before the operational phase is entered, and I think then the large group of previous holders who got burnt and abused by the PW/TY era, will feel safe enough to re-enter again with confidence that TV2U is more than just hyped potential. Rebuilding trust takes time.
The Smartfren aspect is silent so further announcements will be interesting as to who the end operators will be.
TV2 Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
