C2C signs MOU with Telkom

C2C signs MOU with Telkom

SINGAPORE (AFP): Singapore-based telecommunications consortium
C2C Pte. Ltd. said Thursday it had signed a memorandum of
understanding with PT Telekomunikasi Indonesia (Telkom) to
explore a joint venture.

Under the accord, PT Telkom will seek approval from the
Indonesian government for C2C, a major undersea cable operator,
to land its cable in Anyer, Java.

In exchange, PT Telkom will be offered the opportunity to
purchase capacity on the C2C cable network and acquire a stake in
C2C, the Singapore-based firm said in a statement.

"Indonesia is an important destination for the C2C cable
network and C2C is glad to welcome PT Telkom ... as our strategic
partner in the country," said C2C board director Lim Shyong.

Telephone and internet penetration is still low in Indonesia,
Southeast Asia's largest country with a population of more than
200 million.

"We are convinced that this huge domestic market presents
great potential for growth in Indonesia's telecommunications
sector, which will lead strong demand for bandwidth," Lim said.

C2C is owned by a consortium of US and Asian
telecommunications firms led by Singapore Telecommunications Ltd.
PT Telkom is Indonesia's main telecommunications carrier.