Singtel, AIS and South Korea’s SK Telecom recently announced a Series A investment in a regional gaming joint venture to reinforce their presence in the sector and develop new gaming-related revenue streams.
The investment also marks the next step in the partnership between Singtel and SK Telecom, following an earlier Memorandum of Understanding inked to develop the region’s gaming and esports ecosystem.
The joint venture will partner with leading international game developers, and leverage the partners’ Korean and Southeast Asian gaming and entertainment content offering to engage the 800 million gamers in the region. It will benefit from Singtel’s deep regional knowledge, digital and telco assets, SK Telecom’s expertise as a pioneer in Korean entertainment and gaming, and AIS’ experience in esports and digital content.
Arthur Lang, CEO of Singtel's International Group
By combining our strengths with SK Telecom and AIS, both pioneers in entertainment, esports and gaming, we can contribute significantly to the gaming scene – from offering local community engagement solutions to content and payment channels, which are often regarded by game developers as challenges to enter Asian markets.
Charles Huh, VP and Head of Private Placemen Group, SK Telecom
Building on our extensive experience in the area of gaming, which includes the successful establishment of T1, a global esports joint venture with Comcast Spectator, and long-standing leadership in mobile game distribution in Korea, SK Telecom will help create a new level of gaming experience by providing popular Korean gaming content throughout the Asia-Pacific region.
