SK Telecom, South Korea’s largest mobile carrier, announced on Sunday that it has formed a strategic partnership with Deutsche Telekom to introduce its metaverse platform to the European market.
In a statement, SK Telecom said the two businesses will conduct a field test for metaverse operation in Europe by the end of 2022, generate virtual world-compatible content, and sell metaverse migration in Europe. During the Mobile World Congress 2022 in March, SK Telecom debuted an international version of its own ifland metaverse platform.
In order to recruit new European telecommunication partners, SK Telecom and Deutsche Telekom are discussing forming a joint venture in Germany, according to the long-term plan. Under the strategic agreement, Deutsche Telekom is also expected to develop a virtual place on the ifland platform that simulates a German metropolis.
In addition to metaverse, Deutsche Telekom will work with SK Telecom’s sibling firm SK Square on cybersecurity and the mobile app marketplace.
Security business SK Shieldus and app marketplace operator One Store are both owned by SK Square. According to the corporation, the companies are hoping to join up with couterparts under the Deutsche Telekom umbrella for their respective expansion throughout Europe.
These proposals were addressed at a meeting between SK Telecom and Deutsche Telekom representatives on Thursday at Deutsche Telekom’s headquarters in Bonn, western Germany. SK Square Vice Chairman Park Jung-ho, SK Telecom CEO Ryu Young-sang, Deutsche Telekom CEO Timotheus Hottges, and Claudia Nemat, board member for technology and innovation at Deutsche Telekom, all attended the meeting.
This is the most recent development in the two companies’ strategic collaboration. SK Telecom and Deutsche Telekom formed Techmaker, a 50:50 joint company committed on 5G indoor wireless technology, in January 2021. In June 2019, SK Telecom committed $30 million to Deutsche Telekom Capital Partners, the German firm’s investment arm.
Kelly Choi is a Korean Journalist. Kelly resides in Busan. She is currently working as a journalist at The Shining Media. Earlier she did work for some regional news media of Busan.
