PT Telkom to provide multimedia

PT Telkom to provide multimedia

JAKARTA (JP): State-owned PT Telkom has signed an agreement
with private and state-owned firms to set up a new company which
will provide multimedia services.

Telkom said in a statement over the weekend that the new
company, PT Multimedia Nusantara, will be 31 percent owned by
Telkom, 5 percent by state-owned television broadcaster TVRI, 49
percent by PT Indocitra Grahabawana and 15 percent by PT Indosat
Mega Media (IMM).

Indocitra is a company controlled by businessman Sudwikatmono,
while IMM is controlled by state-owned PT Indosat.

Telkom said that Multimedia Nusantara had an authorized
capital of Rp 100 billion and a paid-up capital of Rp 25 billion.

The new company will operate as the multimedia unit of a
consortium, which will build a 500-meter tower in Kemayoran,
Central Jakarta.

Early last month, Telkom also incorporated another multimedia
venture called PT Indonusa Telemedia. Indonusa is 35 percent
owned by Telkom, 20 percent by cellular telecommunications firm
PT Telekomindo Prima Bhakti, 20 percent by private television
broadcaster PT Rajawali Citra Televisi Indonesia (RCTI) and 25
percent by PT Datakom Asia.

The two multimedia ventures, expected to operate within the
next couple of years, will provide interactive, non-telephony
services such as data transfer, audio materials, videos and pay
TV. (icn)