Chunghwa Telecom (CHT), on September 18, announced that its wholly owned subsidiary Chunghwa Telecom Singapore (CHT Singapore) and Singapore Telecommunications (SingTel) will establish a joint venture, ST-2 Satellite Venture Private Limited, specifically to build a communications satellite, ST-2. The satellite is planned to launch in the fourth quarter of 2010 to replace existing satellite ST-1 which was launched in 1998 by CHT and SingTel on a joint venture basis and is scheduled to go out of commission in 2011.
CHT Singapore will invest S$60 million (US$41.87 million) for a 38% stake in the joint venture, while SingTel will hold the remaining 62% stake, CHT indicated. ST-2 will occupy the same orbit as ST-1 covering Asia and the Middle East but will have stronger transmitting power and a longer service life of 15 years, CHT pointed out.
In addition to voice, data and video communications, CHT will use ST-2 for various IP-based applications including Internet access, VoIP and enterprise resource management, CHT indicated. CHT will integrate ST-2 with its multi-routing broadband submarine cable systems to make up CHT's east Asian communications hub, the company noted.
The total cost of making and launching ST-2 is roughly estimated to be NT$8.5 billion (US$266 million). SingTel will handle international open bids and related affairs, CHT pointed out.
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