SK Telecom, China Unicom to Collaborate on Joint Initiatives for 5G, Roaming, OTT & Startups

SK Telecom, China Unicom to Collaborate on Joint Initiatives for 5G, Roaming, OTT & Startups Image Credit: SK Telecom

SK Telecom has signed an MOU with China Unicom to work closely in a number of key areas, including 5G technology, international roaming, platform, and startup ecosystem. This will also see SK and China Unicom exploring new growth areas and business opportunities together. 

As part of the plan, the two operators will be sharing information and conduct joint studies to promote standardization and commercialization of 5G. In addition, they will work together to launch competitive roaming services given the active tourism exchange between Korea and China. According to the Korea Tourism Organization, a total of 6.13 million Chinese visited Korea, and 4.18 million Koreans visited China in 2014. 

The two operators will also collaborate to share information on their platform-related products/services and OTT services, and work together to create market opportunities. At the sametime, SK Telecom and China Unicom agreed to cooperate in building a startup ecosystem to create a cooperative venture incubator program to jointly conduct the overall process of incubation, from search for venture items to their market introduction.

Lu Yimin, President and Vice Chairman of China Unicom
China Unicom will collaborate with SK Telecom to generate tangible outcome that will lead to enhanced customer value and future growth of the two companies.

Jang Dong-hyun, President and CEO of SK Telecom
Through the MOU, SK Telecom and China Unicom will be able to offer differentiated and innovative services to customers.

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

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