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SK Telecom to Invest $100B Won to Build Nationwide LPWAN IoT Network

SK Telecom to Invest $100B Won to Build Nationwide LPWAN IoT Network Image Credit: SK Telecom

The largest mobile operator in the South Korea, SK Telecom plans to invest 100 billion won (US$83.7 million) to build a nationwide Low-Power Wide Area Network(LPWAN) by the end of this year, reported Yonhapnews.

The LPWAN wireless network technology is used for interconnecting devices with low-bandwidth focusing on long range, primarily supporting M2M communications.

As part of its IoT strategy, SK also plans to develop IoT-dedicated modules and upgrade its IoT platform ThingPlug.

The project which is expected to take two years to complete will see the operator raising funds from a number of sources, it said. The Operator added that is will also hunt for prominent IoT-related ventures to establish ties to develop various services and products in this space.

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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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