To establish state-owned satellite system, the three ways -- Condosat which is to lease the use of satellite transponder of another country, joint ownership system and total ownership system -- are needed to be done, Vice President U Myint Swe told a coordination meeting of the steering committee in Nay Pyi Taw.
The MyanmarSat-2 will be used on joint ownership system while the MyanmarSat-1 is currently used on lease system.
The project will cost about $155.7 billion.
The Vice President urged the committee to put the Indefeasible Right of Use (IRU) of the transponder as an unchangeable provision in the contract.
The vice president also called on the ministries which are currently working for MyanmarSat-1 using the foreign satellite to hire Myanmar Sat-2 after their contracts with foreign firms expire.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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