SK Telecom and Deutsche Telekom sign 5G agreement

Home > Business > Industry

print dictionary print

SK Telecom and Deutsche Telekom sign 5G agreement

SK Telecom signed a memorandum of understanding (MOU) with Deutsche Telekom last week at MWC 2019 to codevelop 5G network, media and security technology, the company said in a statement Sunday.

Under the MOU, the two telecom companies will share their techniques on network operations and knowledge on the commercialization of the 5G network. They will also codevelop next-generation technologies and will look over tapping into new markets through the possible establishment of a research and development joint venture company.

“[SK Telecom] is planning to target European network, media and security markets through close collaboration with Deutsche Telekom,” said CEO Park Jung-ho. “With the entrance of 5G generation, we will strengthen our cooperation both within and outside of the country based on SK Telecom’s core technical skills.”


By Jin Min-ji

More in Industry

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Eastar Jet CEO threatens to sue pilot union for libel

Chaebol heads talk shop at closed-door dinner

Arkana arrives

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now