JAKARTA – PT MNC Vision Networks (IPTV) invested USD40 million to acquire a minority stake in PT Teknologi Migo Indonesia. Migo is designed to optimize customer experience and provide offline video-on-demand services through a network of warungs or so-called ‘Warung Migo’.
At any Warung Migo, users can access Migo’s patented network to download unlimited content and faster than ever before, and downloading a feature-length film takes just 60 seconds or 1 minute.
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According to the Executive Chairman of MNC Group, Hary Tanoesoedibjo, Migo users can also download backward content or can follow the storyline from the beginning, even if it’s on Vision+, then original content is also created every month. Not only that, Warung Migo will later be able to encourage digital banking in the region.
“But that’s not all, digital banking has extraordinary synergy because under-banking is 70%, if unbanked is 50%, it means that you don’t have access to bank facilities at all, when it is necessary for customers to get cash too, Warung Migo can be a place to deposit money. or take cash,” he said in the closing statement ‘MIGO Accelerate Nationwide Rollout Plans With MVN Investment’, Thursday (9/9/2021).
This strategic collaboration will be a catalyst for the growth of IPTV subsidiaries, especially in adding new networks to distribute their content.
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“A lot of people can work with other digital products, not just MNC. Migo has extraordinary prospects, imagine 100,000 stations, a minimum of 500 stations is 50 million covered, 1,000, 100 million is possible,” said Hary.
