The parties agreed to set up this working group during the visit of Intersputnik's official delegation to Kuala Lumpur to attend Business Forum Russia - ASEAN. In the course of a bilateral meeting, Intersputnik Director General Vadim Belov and Dr. Mohd Radzi Latif, Executive Director of Industrial Scientists Consortium, signed an agreement on cooperation for the implementation of this project.

Under the agreement the parties will define the optimum form of their cooperation, ranging from the delivery of the satellite by Intersputnik for further joint use, to the establishment of a joint venture that will own and operate the satellite.

To put this agreement into practice, Intersputnik and ISC will sign contracts to define the technological and commercial aspects of cooperation. Intersputnik has requisite experience in coordinating and integrating international projects related to the procurement, launch and operation of telecommunications satellites, and has well-established cooperative relations with the leading Russian and international manufacturers of satellite systems.

Therefore Intersputnik will be responsible for the selection of a satellite system manufacturer, with a view to executing a contract for the manufacture of the satellite and delivery of the ground tracking, telemetry and control system.

Intersputnik will also hold negotiations with a major GSO launch service provider regarding the injection of the satellite into the required orbital slot. In this connection, Intersputnik agreed to offer, for joint use, its frequency/orbital resource at one of the GSO positions assigned to the Organization by the International Telecommunication Union (ITU).

Considering that Intersputnik is an international provider of satellite capacity and satellite telecommunications services, has a high commercial potential, a wide distribution network and thirty years of professional experience in the field of satellite telecommunications, ISC also expressed its willingness to sign with Intersputnik an agreement on joint marketing and sales of the planned telecommunications satellite.

Intersputnik and ISC are also going to look into the possibility of implementing other satellite communications projects, including joint provision of multiservice packages in domestic, regional and international networks.

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