TV2U International Limited (ASX: TV2, “the Company”) is pleased to announce that it has signed a Heads of Agreement (HOA) with PT. PGAS Telekomunikasi Nusantara (PGAS) to deliver white labeled interactive OTT managed service into to the region of Indonesia, the world’s fourth most populous country. PGAS will pay US$3.5 million and a monthly management fee per active subscriber to TV2U to cover the cost of expanding the Company’s platform and management of services into the region of Indonesia, which has a population of 250 million.
TV2 Price at posting:
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