SKT, Telkom in $10m content JV

Robert Clark
24 May 2010
00:00

Korean cellco SK Telecom has set up a $10 million digital content business with Telkom Indonesia.

SKT said the two would establish a hub to distribute music, games and video clips to Indonesian consumers. They will also offer it as a platform for online music stores and other telecom operators.

The partners will invest KRW 12.5 billion ($10.48m) in the hub, with SKT taking a 49% stake and Telkom 51%.

SK Telecom said it would bring its experience in running the MelOn music store in Korea. It would source digital content and manage the hub’s operations, while Telkom will provide local marketing and billing.

Related content

Follow Telecom Asia Sport!
Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.