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KT Telecom and Turk Telekom, a Turkish company, signed a partnership deal to work together in the area of media content. They are looking to foster collaboration for the said field through a private fifth-generation network setup and joint investment in some startups.
As per The Korea Herald, KT Telecom and Turk Telekom’s deal is actually a follow-up to the non-binding MoU or memorandum of understanding that they signed in March during the Mobile World Congress. At that time, they agreed to cooperate on some businesses and projects.
The South Korean telecom firm said that its new deal with Turk Telekom would provide its internet protocol television service subscribers greater access to Korean media content. This will also allow them to enjoy streaming services featuring K-content that will be provided by KT.
The deal also marks the two companies’ agreement to work on other units or aspects of the media content exchange. This may possibly also lead to the creation of new media content, depending on the response of the Turkish users’ to the service offering.
It was added that KT Telecom also agreed to provide its private wireless network technology to build up an enterprise network for Turkish telecom firm by next year. This private network infrastructure will allow businesses or government clients to experience wireless networks with better speeds, improved security, and lower latency.
And this is not all, as KT and Turk Telekom are also planning to invest in startups together. In this way, they will also be able to use the solutions that these startups will develop. They will apply the technologies to improve their services.
KT and Turk Telekom have been cooperating for years, and they have already established several successful projects. Their latest collaboration is for the media content, AI services, 5G 5G platform for Turkish 5G commercialization plans.
"We plan to cooperate with Turk Telecom to develop services tailored to the Turkish market based on our expertise in digital transformation," Yonhap News Agency quoted KT Group’s Transformation Division head, Yoon Kyung Rim, as saying in a statement in March at the 2022 Mobile World Congress (MWC) in Barcelona.
