SK Teams up with Deutsche Telekom to Develop 5G Tech

27 June, 2019
SK Teams up with Deutsche Telekom to Develop 5G Tech
Korea's largest mobile carrier will join hands with Germany's top player Deutsche Telekom in a joint venture to develop 5G technologies.

SK Telecom on Tuesday said its CEO Park Jung-ho, and Deutsche Telekom CEO Timotheus Höttges met in Seoul on Monday to clinch the deal.

The joint venture will focus on developing media transmission technology based on the 5G network, a 5G repeater and a 5G in-building solution. The two companies will also collaborate in areas of cloud gaming, augmented reality and virtual reality.

SK Telecom will invest US$30 million in a fund operated by the German company's investment affiliate Deutsche Telekom Capital Partners to secure future growth engines by backing promising tech start-ups.
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