Mitsubishi Electric Corp. won a contract to build the ST-2 satellite for SingTel and Chunghwa Telecom, Mitsubishi announced.
     SingTel and Chunghwa Telecom will co-own ST-2 through a joint venture, with SingTel holding 62 percent and Chunghwa Telecom 38 percent. The ST-2 contract is valued at $131.3 million.
     ST-2 is targeted to be delivered in 2010 and will replace the ST-1 satellite, which will retire in 2011. ST-2 will cater to the strong demand for fixed and mobile satellite services and IP-based solutions, such as SingTel’s Office-At-Sea suite of maritime applications. It will offer greater capacity as well as wider coverage than ST-1 to also include emerging markets such as the Middle East.