Multipolar to invest $18.5m

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)