The UK-based Sky and Space (ASX:SAS) says the agreement will enable CTN to offer the services to its individual and small business customers throughout Indonesia.
“A successful collaboration with CTN will provide SAS with initial access to the fast-growing Indonesian market,” says Meir Moalem, managing director and chief executive of SAS.
“CTN is an Indonesian based provider of data connectivity services via satellite for the cellular, banking, plantation, farming, oil and gas and government sectors of the country’s economy. CTN also provides data connectivity to institutions and retail customers throughout Indonesia.”
In addition to the MoU in Indonesia, SAS announced it has also signed a binding MoU with Surinamese ISP Foundation Busie Suriname.
Foundation Busie Suriname was granted an ISP licence in 2016 by the Telecoms Authority Suriname and is based in rural Suriname, South America. Sky and Space claims that due to the geographic location and number of inhabitants outside large cities, Internet and online connectivity services are unreliable and expensive.
Sky and Space says the binding MoU formalises the commercial and technical cooperation between SAS and FBS and marks the commencement of discussions for the provision of affordable and reliable connectivity services to the country.
The agreement is also the first of its kind to be signed with a connectivity provider in the region and SAS says it validates the SAS nano-satellite narrowband connectivity platform and “signifies market trust in the company and its technological capabilities”.
On the agreement in Suriname, Moalem said: "After a successful demonstration in Guyana last month, I am pleased to announce we have secured an agreement with a Surinamese local Internet provider. This further validates the capabilities of our network and nano-satellites and I look forward to where the discussions lead. We continue to explore and build our relationships within the South American region and I am confident we will be able to secure many more agreements of this kind in the coming years."
SAS claims it is the first company to successfully use narrowband connectivity provided by nanosatellites to deliver a voice call, text messaging and financial transactions capabilities at a fraction of the cost of traditional communications providers – and the launch of the first batch of nanosatellites remains on track for 2019.