SK Telecom holds hands with Japan’s No. 1 telecom company – NTT Docomo.

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SK Telecom (NYSE: SKM) has signed a letter of intent with NTT Docomo, a subsidiary of NTT (TYO: 9432) specializing in mobile services.

The two companies will cooperate in the field of information and communication technologies (ICT).

Through a memorandum of understanding, the two companies will form strategic partnerships in three key areas: the metaverse, mobile network infrastructure and media operations.

They will also create greater synergies by working with SK ICT subsidiaries such as SK Hynix and Contents Wavve.

“Wavve”, a video streaming service offered by Contents Wavve, will establish itself in the Japanese media market.

Contents Wavve and NTT DOCOMO will also cooperate in content production and distribution and make strategic investments to expand their global presence.

Additionally, SKT and NTT DOCOMO have agreed to collaborate on next-generation mobile technologies, including 6G.

They will conduct joint studies not only on 5G but also on 5G development and 6G key technologies and work together to establish international technology standards.

By working together to ensure that their 6G use cases and critical requirements – from a customer and operator perspective – are addressed by global standards bodies and industry, both companies will be poised for future success. 6G era.

By working together to ensure their 6G use cases and critical requirements – from a customer and operator perspective – are reflected by global standards organizations and industry, both companies will be poised for success in the era of 6G.

Together, they will secure the Open Radio Access Network (Open RAN) and Virtualized RAN technologies widely used in 6G communications.

In addition, the two companies will focus on the research and development of next-generation mobile networks.

This includes the innovation of the mobile network structure in a cloud environment and the joint development of transport network technologies.

In January, NTT DoCoMo sold all of its shares in KT Corp. worth KRW 437.5 billion ($370 million) to Shinhan Bank, which has formed a strategic alliance with the South Korean telecom operator.

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