Earthtime.org, 18 Sep 2008, DPA
Taipei - Taiwan's Chunghwa Telecom Co and Singapore Telecommunications Limited (SingTel) will jointly launch a second joint communications satellite in 2010, Chunghwa Telecom said on Thursday. The two firms have agreed to form a joint venture to build the ST- 2 satellite and launch it in the fourth quarter of 2010. ST-2 will replace the ST-1, Chunghwa Telecom said in a statement.
Chunghwa Telecom Singapore, a wholly-owned unit of Chunghwa Telecom, will inject 1.35 billion Taiwan dollars (44 million US) in the joint venture for about 38-per-cent ownership. SingTel will own the remaining 62 per cent.
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