Indonesia’s $540 Million Telecommunication Satellite PPP Project

White & Case LLP and Witara Cakra Advocates (WCA) advised the lenders on the financing of the US$540 million Indonesia Government Multifunction Satellite Public Private Partnership (PPP) Project.

Indonesia’s Ministry of Communication and Informatics (KOMINFO) initiated the Government of Indonesia Multifunctional Satellite PPP Project to provide fast internet access to remote areas in Indonesia, which can be accessed by various government sectors, such as maritime, education, health, agriculture, communication and others. Satellite-based connectivity is the only feasible access technology to cost-effectively address these remote locations.  

The Project is being executed by PT Pasifik Satelit Nusantara (PSN), the first private satellite-based telecommunication company in Indonesia, through its subsidiary PT Satelit Nusantara Tiga (SNT). French aerospace manufacturer Thales Alenia Space is constructing the satellite which will have a capacity of 150 gigabytes/second in the Ka-Band frequency.

The financing was provided by a number of financial institutions including the Asian Infrastructure Investment Bank (AIIB), a multilateral financial institution focused on Asia and commercial banks, HSBC, Banco Santander and Korea Development Bank (KDB), and guaranteed by Banque publique d’investissement (Bpifrance), the French Export Credit Agency.  

The White & Case and WCA team which advised the lenders on the transaction was led by partners Mukund Dhar (Picture) and Tom Bartlett (both London) and included association partner Fajar Ramadhan (Jakarta), partners Jason Kerr, Swati Tripathi and Ingrid York (all London), partner of counsel Sylvia Chin (New York), counsel David Wright (London) and Fern Han (Houston), and associates Dayle Perles Fattal, Tom Wilkinson, Eduardo Barrachina and Matt Steele (all London), Deborah Victoria and Janet Lim (both Jakarta), Amr Jayousi (Houston), Surya Gopalan (New York) and Berdine Geh (Singapore). 

Involved fees earner: Eduardo Barrachina – White & Case; Tom Bartlett – White & Case; Dayle Perles Fattal – White & Case; Mukund Dhar – White & Case; Sylvia Fung Chin – White & Case; Berdine Geh – White & Case; Surya Gopalan – White & Case; Fern Han – White & Case; Amr Jayousi – White & Case; Jason Kerr – White & Case; Fajar Ramadhan – White & Case; Matt Steele – White & Case; Swati Tripathi – White & Case; Tom Wilkinson – White & Case; David Wright – White & Case; Ingrid York – White & Case;

Law Firms: White & Case;

Clients: Asian Infrastructure Investment Bank; Banco Santander Sa; HSBC; Korea Development Bank;

Author: Federica Tiefenthaler