Silkwave Inc. announced that it has entered into a strategic partnership agreement ("Agreement") with PT Bum Desa Indonesia to form a joint-venture and provide satellite-based Internet connectivity and digital multimedia services to over 30,000 remote villages in Indonesia. The service will allow millions of households to access modern Internet and digital services for the first time. It represents a most cost-effective and scalable last-mile solution to bring about rich digital services to remote villages and promises to help eliminate the Digital Divide and leapfrog Indonesia's digital economic transformation.

Under the Agreement, the Company will act as a master contractor to provide end-to-end technology and service solutions, which will include the space, ground, and end-user segments to enable holistic digital connectivity and services to the Villages, whereas BDI will provide all necessary local business operation and development support. Both parties will form a joint venture to operate the service franchise. The term of the Agreement is for 3 years and is automatically renewable every 3 years.