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