Türk Telekom and Korea Telecom have signed a comprehensive cooperation agreement that includes 5G R&D studies and their commercialisation, evaluating joint investment opportunities for start-ups and media content exchange for TV platforms.
In the latter case, content provided by Korea Telecom will be offered to viewers of Türk Telekom’s IPTV/OTT platform.
Commenting on the development, Türk Telekom CEO Ümit Önal said, “I am happy to announce that we have started to take concrete steps within the scope of the strategic cooperation agreement we signed with Korea Telecom at the GSMA Mobile World Congress in March this year. We are embarking on an exciting journey with Korea Telecom, the world’s leading technology company, to implement joint R&D projects in the field of 5G, to invest in start-ups, an area we value very much, and to exchange content for our TV platform. I believe that this cooperation will yield very successful results”.
Kyungrim Yoon, head of the Digital Transformation Division of Korea Telecom Group, added: “I am very pleased that the two companies quickly decided to cooperate on more specific cooperation issues such as media/content, 5G and joint investment following the memorandum of understanding signed in March. In the future, we will do our best to achieve successful results through active cooperation based on the ‘strategic partnership’ between the two countries”.