Telkom awards contract to Quantum

Telkom awards contract to Quantum

JAKARTA: PT Telekomunikasi Indonesia and its joint-operating
partner PT Bukaka Singtel International have awarded a contract
to install 69,345 telephone lines in the South Sulawesi capital
of Makasar to PT Quantum Bahana, the company said Friday.

Investment in the project is expected to amount to around Rp
322 billion (about $35 million).

PT Telekomunikasi Indonesia, or Telkom, will get 10 percent of
the net profit from the new telephone lines, Bukaka Singtel will
get 10 percent and Quantum will get the remaining 80 percent.

In 1996, Telkom and Bukaka Singtel entered a 15-year joint
operation contract to develop telephone lines in Sulawesi and
West Nusatenggara area. Since 1999, it has been allowed to
subcontract the development of telephone lines. -- Dow Jones