Inti, Alcatel set up JVC

JAKARTA (JP): State-owned telecommunications equipment producer PT Inti and the telecommunications division of Alcatel Cables of French Alcatel have signed an agreement to form a joint venture fiber optics company.

Alcatel said yesterday the new company, which will be in Jakarta and start production early next year, was 70 percent owned by Alcatel and 30 percent by Inti.

The new company's annual capacity was 150,000 kilometers, the company said.

PT Elektrindo Nusantara, a Bimantara Group subsidiary, planned to participate in the new company, Alcatel said. (icn)