State-owned telecommunications company PT Telkom said it will team up with Singapore Telecommunications Ltd (SingTel) to expand coverage of its global data communications services.
Telkom and SingTel target to dominate the Asian market with a capitalization of $500 million, Telkom executive general manager Alex Sinaga said in an Antara report on Thursday (15/3/07).
Sinaga said through the cooperation, he is optimistic Telkom will have a dominant market share both in Indonesia and Asia. He said the targets in global data communication services are multinational companies.
There are 6,500 large companies in the country and 20% of them are multinational companies with a market size of Rp2.5 trillion ($277.5 million), he said, adding these companies need global data communications services.
He said Telkom chose to cooperate with SingTel as the Singapore-based company has wide networks in Asia.
Meanwhile, SingTel said in a release on Wednesday (14/3/07) that the alliance with Telkom is to deliver multi-protocol label switching Internet-based virtual private network (IP-VPN) services in Indonesia, Singapore’s The Business Times reported.
It follows similar major contracts with Advance Data Networks System in Bangladesh, Etisalat in Middle East and Cybernet in Pakistan in line with SingTel's aim to be the leading IP-VPN provider in Asia Pacific within two years.