Indonesian Political, Business & Finance News

Kyocera talks with Bakrie

| Source: DJ

Kyocera talks with Bakrie

SYDNEY (Dow Jones): DDI Corp. and Kyocera Corp. of Japan plan
to boost their investment in Australia-based Iridium South
Pacific Pty., a provider of satellite telecommunications
services, according to company executives.

Musahiro Umemura, executive vice president of Kyocera, told
Dow Jones Newswires that Kyocera and DDI are currently in talks
with PT Bakrie Communications Corp. of Indonesia about increasing
their respective stakes in Iridium South Pacific.

Iridium South Pacific has a franchise from Washington D.C.-
based Iridium LLC that covers Australia, New Zealand and certain
countries and territories in the Asia-Pacific region.

Last week, the U.S.-based company, which is backed by Motorola
Inc. (MOT) also of the U.S., filed for protection from its
creditors under Chapter 11 of the U.S. Bankruptcy Code and is
being reorganized.

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