PT Visi Media Asia Tbk (JKSE:VIVA) is planning to sell 10% of its stake in PT Intermedia Capital Tbk (JKSE:MDIA). Robertus Bismarka Kurniawan, Vice President of Visi Media said that Visi Media is seeking to sell its stake to raise $105 million and use the funds to repay its debt to Credit Suisse. Robertus Bismarka Kurniawan said "We will start a road show to several countries in Asia and Europe in October, 2014,”.

He also said the company would offer the stake to foreign investors. Viva will use all proceeds from the IMC share sale to pay off some of its total $230 million debt to Credit Suisse.