SK Telecom held a video conference with Deutsche Telekom to deepen the two companies’ cooperation in information and communication technologies (ICT) to alleviate challenges caused by the coronavirus (COVID-19) pandemic.
Several executives of the two companies gathered for a video conference on Wednesday and discussed their cooperation on 5G network, mobile edge computing and artificial intelligence technology. SK Telecom said it would also share its experience of COVID-19 countermeasures, including remote work solutions and online recruitment procedures.
The South Korean telecom firm added that it was going to dispatch a group of engineers to Germany to share their know-how in managing 5G network infrastructure, as well as measures to handle heavy traffic loads on communications networks. The two companies also discussed measures to improve cloud-delivered solutions to prepare for the post-coronavirus world.
SK Telecom and Deutsche Telekom have been working closely since 2016 to lead innovations in ICT. SK Telecom has been sharing its diverse fixed and wireless technologies with Deutsche Telekom.
Especially, with the outbreak of the novel coronavirus throughout the globe, network infrastructure and online solutions are becoming ever more important to seamlessly support people’s new way of living. In response to this, executives from SK Telecom and Deutsche Telekom discussed detailed plans to utilize their innovative ICT, including 5G, artificial intelligence (AI) and mobile edge computing (MEC), to help improve the current situation and thoroughly prepare for the post-coronavirus era.
SK Telecom CEO Park Jung-ho poses for pictures after the video conference with Deutsche Telekom
On April 29, 2020, the two companies signed a term sheet for a technology joint venture that will launch within this year. Through this joint venture, SK Telecom and Deutsche Telekom will collaborate to expand the global 5G ecosystem by accelerating 5G deployment in Europe. SK Telecom has already provided its 5G repeaters to Deutsche Telekom to support its customer trial for 5G indoor coverage in Germany and plans to promote the adoption of its 5G repeaters in Europe. The two companies will also develop diverse MEC use cases and AI-powered solutions including immersive video calling and smart meeting solutions.
Moreover, SK Telecom and Deutsche Telekom agreed to exchange their technological expertise through Network Engineer Exchange Program once the situation improves. Through the program, SK Telecom’s network engineers will be dispatched to Germany to share their knowhow in 5G network commercialization and operation, as well as their experience in handling data traffic surges caused by a dramatic increase in the number of people working or learning from home.
The two companies also decided to increase Deutsche Telekom Capital Partners’ investment in Korean 5G startups as well as global ventures with competitive online solutions such as video conferencing platforms and cloud call centers.
“The current global crisis can be effectively addressed if we, ICT companies, join forces with our technology and expertise,” said Park Jung-ho, President and CEO of SK Telecom. “SK Telecom will continue to work closely with Deutsche Telekom to flawlessly support our customers in this new normal era brought by the coronavirus.”
About SK Telecom
SK Telecom is Korea’s leading ICT company, driving innovations in the areas of mobile communications, media, security, commerce and mobility. Armed with cutting-edge ICT including AI and 5G, the company is ushering in a new level of convergence to deliver unprecedented value to customers. As the global 5G pioneer, SK Telecom is committed to realizing the full potential of 5G through ground-breaking services that can improve people’s lives, transform businesses, and lead to a better society.
SK Telecom boasts unrivaled leadership in the Korean mobile market with over 30 million subscribers, which account for nearly 50 percent of the market. The company now has 47 ICT subsidiaries and annual revenues approaching KRW 17.8 trillion.
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