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PIC eyes Telkom Media stake?

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The Public Investment Corporation (PIC) is reportedly eyeing a stake in Telkom Media.

According to Business Report, a consortium that includes the PIC and fund manager Harith, could buy between 31% and 34% of the troubled Pay TV company.
Telkom Media has been issued with a Pay TV licence, but will be losing its main shareholder, Telkom, which holds 66% of the company.
Harith invests in African infrastructure development in sectors such as telecoms and energy, says Business Report, and could help Telkom Media acquire content and build studios.