Indonesian telecommunications consortium Daya Mitra Malindo has taken Britain’s Cable & Wireless Plc as its new partner and will now be able to meet its payment deadlines, industry sources told Reuter, including payments to PT Telkom due by the third quarter of 1996. Daya Mitra’s consortium had earlier dropped its partner, Telekom Malaysia Bhd, after disagreements. The sources said Daya Mitra Malindo was required to pay at least $68.6m to Telkom annually plus 30% of any additional revenue during its 15-year contract, won last year to run the existing system and lay a further 237,000 lines over 15 years in Kalimantan, the Indonesian part of Borneo island.
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