Myanmar has planned to launch its own satellite system MyanmarSat-2 in June in 2019, official Global New Light of Myanmar reported. Also Read - FIR filed against Twitter India again, now over child pornography contentAlso Read - Mi Notebook Pro X to be Xiaomi's most expensive laptop yet, launch tomorrow
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. ALSO READ: India to resume satellite launches by December
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.