Satellite communication provider PT Pasifik Satelit Nusantara (PSN) has finalized a financing agreement worth US$154 million from Canadian lender Export Development Canada (EDC) for the construction of new satellite called PSN VI.

The satellite project, which cost $230 million, is a response to the rising demand of broadband data access in Indonesia.

“Right now even villages and SMEs [small and medium enterprises] in remote area need access to internet.” said PSN president director Adi Rahman Adiwoso said late on Tuesday.

“PSN VI is an important infrastructure to fulfill our needs for data connection in Indonesia, which is a archipelagic country. So satellite is the most efficient way to reach the unreachable,” Adi said.

For 26 years, the company has been the leading private company that offers internet through satellite. As a private player in the s...