SK Telecom Enters Strategic Partnership With Deutsche Telekom - Quick Facts

(RTTNews) - SK Telecom (SKM) and Deutsche Telekom (DTEGY.PK) announced they entered into a strategic business partnership agreement to collaborate in the fields of services, Internet of Things and related R&D areas. The companies will cooperate in the global sales of solutions and products and work together to lead standardization of technologies, including 5G enabling technologies and SDDC, or Software-Defined Data Center.

SK Telecom and Deutsche Telekom will also make joint efforts to expand markets for their solutions and products/services.

Through the partnership, SK Telecom expects to secure a bridgehead to enter into the European markets with its Cloud Streaming solution. The companies have agreed to introduce SK Telecom's pico beamer to Germany, and then to other countries in Europe. They also agreed to launch Deutsche Telekom's in-car Wi-Fi solution in the Korean market. SK Telecom and Deutsche Telekom will also cooperate in the international roaming service area.