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FINANCIAL NEWS
OSN value at USD4.3b
25 Nov 2013
(MENAFN) Pay-TV network OSN, which is based in Dubai, was valued at USD4.3 billion as it plans for a public initial offering (IPO), Arabian Business reported.
In June, Kuwait Projects Co (KIPCO), which owns a 60.5 percent stake in the pay-TV company, said that it hired Rothschild to advise on an IPO of OSN.
The company had recently acquired Pehla Media & Entertainment, brokerage Arqaam Capital said.
OSN announced recently that it has secured a USD200 million financing facility for five years, with Mashreq being the sole lead arranger of the deal.
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