Info Image

South Korea's KT and Taiwan's Far EasTone Sign Agreement for Joint Development of 5G Services

South Korea's KT and Taiwan's Far EasTone Sign Agreement for Joint Development of 5G Services Image Credit: KT

South Korea's KT on Tuesday signed an agreement with Taiwan's Far EasTone Telecommunications (FET) for collaboration in 5G services and digital content development.

According to KT, the signing ceremony between the two companies was conducted online due to the current COVID-19 pandemic, using KT's Engage virtual meeting platform. It was the first remote contract signing ceremony via Engage, demonstrating the use of KT Super VR, a virtual reality device, to expand into diverse services, including remote meetings among global business partners.

The MOU calls for joint development of 5G services and digital contents. KT expects the deal will help bolster its global leadership in 5G services. It will facilitate worldwide sale of KT's video conferencing app, which offers ultra-high-definition over-the-top (OTT) media streaming, webzine content, and early commercialization of 5G roaming.

For FET, the strategic linkup with KT, the world's first commercial 5G services provider, is seen as an opportunity to become a market leader in next-generation wireless services.

In recent 5G spectrum auctions, FET secured 80 MHz and 400 MHz in 3.5 GHz and 28 GHz bandwidth, respectively. The company is gearing up to commercialize 5G services during the third quarter of this year.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

ETSI Launches New Group to Improve TCP/IP Stack for New 5G Services

NEXT POST

Critical Issues Impacting Mobile Operators during COVID-19 and Lessons from Europe