SK Telecom has signed an agreement with Telkom Indonesia to collaborate on business areas including the IoT, media streaming and smart devices.
The two operators signed a memorandum of understanding at Telkom headquarters in Jakarta yesterday. Under the agreement, the companies will work to develop new business opportunities in the areas of smart cities and IoT services.
The partners aim to jointly develop IoT technologies and services tailored for the Indonesian market, and will evaluate the idea of forming a joint venture for their IoT business within the next two years.
In addition to the IoT, the collaboration covers the development of cloud-based TV services for Telkom customers over SK Telecom's Cloud Streaming media platform, as well as the introduction of products in SK Telecom's Lifeware line to the Indonesian market.
Lifeware is SK Telecom's range of consumer-centric smart devices aimed to add value to customers' lives.
“Through the MOU, SK Telecom will work closely with Telkom to develop mutually-beneficial business opportunities in diverse areas including IoT, smart city and media,” SK Telecom executive vice president and head of global business Lee Eung-sang said.
“Building on this partnership, the two companies will continue to make joint efforts to expand their presence beyond the Indonesian market.”