Satelindo may get $248m in revenue<\/p>\n
JAKARTA (JP): PT Satelit Palapa Indonesia (Satelindo), a
\ntelecommunications operator, expects to gain Rp 584.5 billion
\n(US$248 million) in revenue this year from its business of
\nsatellites, international telephone calls and digital cellular
\ntelephones.<\/p>\n
The company's president, Iwa Sewaka, said after meeting with
\nVice President Try Sutrisno yesterday that Satelindo estimates a
\nnet profit of Rp 55 billion ($23.33 million)) in 1996.<\/p>\n
\"Of the projected profit, Rp 30.35 billion is expected from
\ncellular telephone services, Rp 20.2 billion from satellite
\ntransponder leasing and Rp 4.45 billion from international
\ntelecommunications services,\" he said.<\/p>\n
During the meeting with Try, Iwa was accompanied by Minister
\nof Tourism, Post and Telecommunications Joop Ave, Satelindo's
\nchief commissioner Fuad Bawazier, who is also director general of
\ntaxes, and Satelindo commissioner Bambang Trihatmodjo, who is
\nalso a son of President Soeharto.<\/p>\n
Satelindo, set up in January 1993, is one of the private
\ncompanies in the country that is licensed by the government to
\nrun satellite telecommunications services. The company is owner
\nand operator of Palapa C-1 and C-2 satellites.<\/p>\n
The company, which in 1994 obtained the license to run the
\nGlobal System for Mobile Communications (GSM) telephones, targets
\nto increase the number of its GSM subscribers from 150,000 at
\npresent to 850,000 by 1998.<\/p>\n
In addition to Satelindo, Indonesia has PT Telkomsel and PT
\nExcelcomindo to operate GSM cellular telephones.<\/p>\n
Satelindo is owned 22.5 percent by state-owned domestic
\ntelecommunications company PT Telkom, 7.5 percent by state-owned
\ninternational telecommunications company PT Indosat, 45 percent
\nby PT Bimagraha Telekomindo and 25 percent by DeTeMobil of
\nGermany.<\/p>\n
According to Iwa, Satelindo's total assets are estimated at Rp
\n2.15 trillion this year, comprising Rp 1.44 trillion in equity
\nand the remainder in liabilities.<\/p>\n
He said that his company has invested $397.5 million in the
\nsatellite business, $490 million for cellular telecommunications
\nnetworks and $22.45 million for international telephone services.
\n(icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/satelindo-may-get-248m-in-revenue-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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