first media
this from fisrt media news source( http://www.firstmedia.com/ ) LIPPO GROUP Invests US$650 Millions in Multimedia Jakarta, August 30, 2007 – As the global chase for connectivity accelerates, Lippo Group is pumping US$650 million into First Media, the group’s broadband multimedia service provider. This announcement was made today at a press conference held in South Jakarta. The significant investment over the next four years underlines the Group’s commitment to building and developing an integrated information, communications, and entertainment company. With its existing Hybrid Fiber Coaxial network, which is by far the largest and most diversed broadband network in Indonesia, the Group is continuously and rapidly expanding its connectivity to reach Indonesians at home, in their community, and at work. The global entertainment and media industries will grow up to US$1.8 trillion in the next couple of years, and broadband will be the principal driver of access spending, reported the Glob