KT inks deal to assist Taiwanese company with 5G
Taiwanese company with 5GKT said Wednesday it has a signed a partnership with a Taiwanese telecom company to provide 5G services and digital content development.
Under a memorandum of understanding with FarEasTone Telecommunications (FET), KT will collaborate in developing 5G-related solutions.
FET, an affiliate of Taiwan’s major conglomerate Far Eastern Group, said the business cooperation will help the company become a market leader in 5G services.
“Through extensive cooperation with KT, we at FET aim to upgrade some 20 percent of our existing LTE subscribers to 5G within this year,” FET Executive Vice President T.Y. Yin said.
Meanwhile, KT said the memorandum was signed online Tuesday via Engage, its virtual meeting platform.
Yonhap
with the Korea JoongAng Daily
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