Multipolar to invest $18.5m

JAKARTA (JP): Publicly listed PT Multipolar Corp. of the Lippo Group said on Wednesday it planned to invest Rp 130 billion (US$18.5 million) in fiber-optic lines in order to offer high- speed internet services.

The company said the lines would be connected to high-rise buildings in Jakarta's "golden triangle" business district. The company will then be able to provide high-speed internet access to offices in these buildings.

Multipolar has for the last three years constructed a 1,470- kilometer fiber-optic cable network in Greater Jakarta which is currently used to broadcast cable TV programs to about 15,000 households. During the last two months, the company has used its fiber-optic network to offer high-speed internet access to its customers. (rid)