Telecom network vendor Ericsson has joined hands with KT to support its IoT (Internet of Things) business.
As per the MoU, both may explore B2B and B2G IoT business opportunities by working together to apply future proof network technology to KT and verifying relevant IoT services in advance.
Kyounglim Yun, head of Future Convergence Business Office of KT, said: “KT will keep developing innovative IoT services through strategic partnership with Ericsson.”
Ericsson in statement said that they identified LTE-MTC (Machine Type Communications) network and IoT service based on the network as the collaboration items. KT and Ericsson are planning to verify LTE-MTC technology and relevant IoT services in the first half of 2016.
“Cellular networks already provide the coverage and performance that is needed to support IoT services, so we look forward to collaborating with KT to enhance both networks and devices to even more efficiently address IoT opportunities in Korea,” said Arun Bansal, senior vice president and head of Business Unit Radio at Ericsson.
Ericsson is also working with KT on 5G technology, which will include an evolution of today’s LTE and innovations driven by new IoT use cases.
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