SINGAPORE, 4 DECEMBER 2008 Regional telecom giant Singapore Telecommunications (SingTel) has awarded the contract to build the ST-2 satellite to Mitsubishi Electric Corporation.
The contract is worth about S$200 million (US$ 130 million), said the telco.
SingTel and Chunghwa Telecom will co-own ST-2 through a joint venture, it added. SingTel and Chunghwa Telecom own approximately 62 per cent and 38 per cent share in the joint venture respectively.
The satellite is targeted to be delivered in 2010 and will replace the ST-1 satellite, which will retire in 2011, said a SingTel resource.
Satellite to provide wider coverage
Avoiding to the Singapore telco, the ST-2 satellite will cater to the strong demand for fixed and mobile satellite services and IP-based solutions, such as SingTel's innovative 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, the company said.
ST-2 is an important part of SingTel's vision to transform the way our customers live and work, said Bill Chang, SingTel's executive vice president of business. It enhances our ability to offer businesses, such as shipping companies and direct-to-home operators, a one-stop infocomm technology experience that will empower them to stay ahead of the competition.
Even before its launch, more than half of ST-2's capacity has been signed-up by regional customers, said Chang.
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