PT Visi Media Asia Tbk (JKSE:VIVA) is eyeing an initial public offering for PT Cakrawala Andalas Televisi in the first quarter of 2014, the Jakarta Globe reported citing Charlie Kasim, VIVA's Finance Director. The company is currently looking for suitable investment banks to help arrange the IPO of Cakrawala Andalas Televisi, Charlie Kasim told reporters on October 2, 2013. He said that the company is planning to sell at least 10% of Cakrawala Andalas Televisi's stake in the proposed IPO to raise nearly IDR 500 billion.

PT Intermedia Capital holds 99.9% stake in Cakrawala Andalas, of which the company is planning to sell the shares during the IPO.