Indonesia's telecom giant to bid for new satellite

JAKARTA, Oct 04, 2008 (Xinhua via COMTEX) -- TLK | Quote | Chart | News | PowerRating -- Indonesia's largest telecommunication firm, PT Telekomunikasi Indonesia (PT Telkom), has planned to bid for a new satellite in October at a cost from 150 million to 200 million U.S. dollars, according to the website of The Jakarta Post on Saturday.

"The bidding process will begin this month or after Idul Fitri (fast-breaking festival)," said Rinaldi Firmansyah, president director of PT Telkom, on Saturday.

He added that the potential providers of the satellite are Lockheed Martin, Alcatel, OCbital, GreatWall, and Mitsubishi, respectively from the United States, Europe, China and Japan.

The satellite, which will be called Telkom-3 Satellite, is expected to be launched into orbit in 2010 or 2011. PT Telkom expected that it will meet the increasing demand for transponders so as to expand Telkom Group services and the needs of external parties such as the military and state-owned companies.

PT Telkom is currently operating its Telkom-2 Satellite worth 150 million dollars, which was launched on November 12, 2005.

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