Pasifik Satelit Nusantara Announces Link Transmission Leasing Agreement With Telkomsel

$4.9 Million Contract Solidifies Revenue Stream



Apr 16, 2001, 01:00 ET from PT Pasifik Satelit Nusantara

    JAKARTA, Indonesia, April 16 /PRNewswire/ -- PT Pasifik Satelit Nusantara
 (Nasdaq: PSNRY) ("PSN"), a diversified provider of fixed and mobile satellite
 communications in the Asia Pacific, and PT. Telekomunikasi Selular
 ("TELKOMSEL"), one of Indonesian wireless operators, today announced the
 signing of a Link Transmission Lease Agreement.
     Under the terms of the agreement, TELKOMSEL has leased from PSN 14 links
 transmission in 11 major cities across Indonesia for a two-year period at a
 fixed monthly rate. The aggregate value of the contract is approximately
 $4.9 million. The total link transmission usage of PSN transponder capacity
 will be equal to 1.25 transponders with leased capacity being used from the
 Palapa C1 and Aguila II satellites. PSN controls 6 extended C-band
 transponders on the Palapa C1 satellite and 2 standard C-band transponders on
 the Aguila II satellite.
     "This leasing agreement further validates the attractiveness of our
 satellite capacity to leading communications providers in the Asia-Pacific
 region," commented Adi Rahman Adiwoso, CEO and President Director of PSN. "We
 now have utilized five of our eight transponders, enhancing our cash flow and
 providing additional financial flexibility."
 
     About PT. Pasifik Satelit Nusantara
     PT. Pasifik Satelit Nusantara (PSN) is the first private satellite
 communications company in Indonesia and one of the leading satellite companies
 in the Asia Pacific.  Based in Jakarta, PSN is focused on becoming a fully
 integrated provider of satellite-based telecommunications products and
 services in Asia, including the wholesale leasing of satellite capacity and
 four emerging new services:
 
     -- Xpress Connection(TM), a low-cost, VSAT-based rural telephone service;
     -- Private Line, a WAN-based extension of Xpress Connection(TM) targeted
        at the corporate market;
     -- BYRU (pronounced: be ru), a GSM satellite service based on ASIA
        Cellular Satellite (ACeS), a satellite-based, handheld digital mobile
        telecommunications system which will provide both voice and data
        services;
     -- PASTI, a fixed application of the ASIA Cellular Satellite (ACeS) system
        that enables the benefits of satellite telephony anywhere within the
        home or office; and
     -- Multi-Media Asia (m2@), being developed as Asia's first satellite-based
        multimedia digital telecommunications system, supporting two-way voice
        and data services, Internet access, fax and DTH television services.
 
     This press release contains forward-looking statements including
 statements regarding schedules for future satellite launches, commencement of
 commercial service of the ACeS system, and future development of other service
 platforms. These forward-looking statements are based on a number of
 assumptions, and actual results may be materially different from those
 expressed or implied by such statements. Material presented here is intended
 only for the use of the individual or entity to which it is addressed and may
 obtain information that is privileged, confidential, and exempt from
 disclosure under applicable law.
 
 

SOURCE PT Pasifik Satelit Nusantara
    JAKARTA, Indonesia, April 16 /PRNewswire/ -- PT Pasifik Satelit Nusantara
 (Nasdaq: PSNRY) ("PSN"), a diversified provider of fixed and mobile satellite
 communications in the Asia Pacific, and PT. Telekomunikasi Selular
 ("TELKOMSEL"), one of Indonesian wireless operators, today announced the
 signing of a Link Transmission Lease Agreement.
     Under the terms of the agreement, TELKOMSEL has leased from PSN 14 links
 transmission in 11 major cities across Indonesia for a two-year period at a
 fixed monthly rate. The aggregate value of the contract is approximately
 $4.9 million. The total link transmission usage of PSN transponder capacity
 will be equal to 1.25 transponders with leased capacity being used from the
 Palapa C1 and Aguila II satellites. PSN controls 6 extended C-band
 transponders on the Palapa C1 satellite and 2 standard C-band transponders on
 the Aguila II satellite.
     "This leasing agreement further validates the attractiveness of our
 satellite capacity to leading communications providers in the Asia-Pacific
 region," commented Adi Rahman Adiwoso, CEO and President Director of PSN. "We
 now have utilized five of our eight transponders, enhancing our cash flow and
 providing additional financial flexibility."
 
     About PT. Pasifik Satelit Nusantara
     PT. Pasifik Satelit Nusantara (PSN) is the first private satellite
 communications company in Indonesia and one of the leading satellite companies
 in the Asia Pacific.  Based in Jakarta, PSN is focused on becoming a fully
 integrated provider of satellite-based telecommunications products and
 services in Asia, including the wholesale leasing of satellite capacity and
 four emerging new services:
 
     -- Xpress Connection(TM), a low-cost, VSAT-based rural telephone service;
     -- Private Line, a WAN-based extension of Xpress Connection(TM) targeted
        at the corporate market;
     -- BYRU (pronounced: be ru), a GSM satellite service based on ASIA
        Cellular Satellite (ACeS), a satellite-based, handheld digital mobile
        telecommunications system which will provide both voice and data
        services;
     -- PASTI, a fixed application of the ASIA Cellular Satellite (ACeS) system
        that enables the benefits of satellite telephony anywhere within the
        home or office; and
     -- Multi-Media Asia (m2@), being developed as Asia's first satellite-based
        multimedia digital telecommunications system, supporting two-way voice
        and data services, Internet access, fax and DTH television services.
 
     This press release contains forward-looking statements including
 statements regarding schedules for future satellite launches, commencement of
 commercial service of the ACeS system, and future development of other service
 platforms. These forward-looking statements are based on a number of
 assumptions, and actual results may be materially different from those
 expressed or implied by such statements. Material presented here is intended
 only for the use of the individual or entity to which it is addressed and may
 obtain information that is privileged, confidential, and exempt from
 disclosure under applicable law.
 
 SOURCE  PT Pasifik Satelit Nusantara