Palapa Ring (5)

The last non-incumbent member of Palapa Ring consortium, PT. Powertek Utama Internusa has indirectly cancelled its membership (update to this post) . Thus the consortium currently consists of the four-biggest telcos:

• PT. Telekomunikasi Indonesia (Telkom)
• PT. Indosat
• PT. Excelcomindo Pratama
• PT. Bakrie Telecom
  

According to the consortium, Powertek hasn't fulfilled its commitment as stated in the CCMA (Consortium Construction Management Agreement) signed several times ago. The consortium has now to solve / rearrange the investment issue, since it lacks USD 45 mn caused by membership cancellations of Powertek and Infokom.