Monday, December 1, 2008

SingTel-Chunghwa JV Picks Mitsubishi for ST-2 Satellite

Singapore Telecommunications (SingTel) announced that the contract to build the ST-2 satellite has been awarded to Mitsubishi Electric Corporation at a cost of approximately S$200 million. SingTel and Chunghwa Telecom will co-own ST-2 through a joint venture. The satellite is targeted to be delivered in 2010 and will replace the ST-1 satellite, which will retire in 2011. SingTel and Chunghwa Telecom own approximately 62% and 38% share in the joint venture respectively.

The ST-2 satellite will deliver fixed and mobile satellite services, including IP-based solutions, such as SingTel's Office-At-Sea suite of maritime applications. It will offer significantly greater capacity as well as wider coverage than ST-1 to also include emerging markets such as the Middle East.

See also