Dubai-based Arqaam Capital has raised its estimate of pay TV group OSN’s worth from US$2.5 billion (€1.8 billion) to US$4.3 billion ahead of the company’s potential IPO.
Arqaam said that OSN’s acquisition of South Asian channel provider Pehla Media & Entertainment in August would boost its performance. According to Arqaam, OSN posted revenue growth of 24% and subscriber growth of 22% in the first nine months of this year.
Reuters reported last month that private equity investor Stanford Marine Group hired Deutsche Bank and Golgman Sachs to look at a stock market listing in London. OSN’s largest investor, Kuwait private equity and investment firm KIPCO, which holds a 60.5% stake in the operator, said in June that it had hired Rothschild Group to advise on the potential IPO.
ICYMI: Du partners with @PrimeVideo. #VOD https://t.co/vgfkUtp1dr https://t.co/jGCUvR7FAc
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ICYMI: @llnw and @ericsson partner on #content delivery. https://t.co/NWp4CwuLyK https://t.co/vPPVpSkaT7
20 October 2018 @ 15:00:01 UTC
The winner of the Content Innovation Award for Outstanding Digital Achievement, @daznglobal's Ben Lavender discusse hhttps://t.co/g03HmTGKIF
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DTVE Week In View: @netflix's Asian growth #DTVEWeekInView https://t.co/EqYkVj1SXz https://t.co/w4k10xZFtY
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.@ooyala's management buys out company from @Telstra. #TopStoriesOfTheWeek https://t.co/v6Ik3Hl7tu https://t.co/t8RNSeNRhu
20 October 2018 @ 09:00:00 UTC
