Horizon.Com wins RI contract

Tue, 21 Mar 2000 | Source: DJ

SINGAPORE (Dow Jones): A unit of Horizon.Com Ltd., a Singapore Internet company, said Monday that it has received a US$9 million contract to build, operate and manage a broadband-based service in Indonesia.

The contract was awarded by Indonesia's PT Rekasiscom Widya to Horizon iTech Pte. Ltd.

The broadband service is aimed at 25 universities in Indonesia. Each participating university will be equipped with its own content server to host licensed software.

Horizon will receive additional revenue for the five years through the management and maintenance of the project, but the company didn't specify an amount.

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