Proving the Business Case for the Internet of Things

SK Telecom forms IoT partnership with Telecom New Zealand

Iain Morris
July 10, 2014
South Korea’s SK Telecom has joined forces with Telecom New Zealand to fuel activity in the fast-growing M2M market.

The two operators have signed a memorandum of understanding (MoU) to cooperate on “business and technology” regarding the Internet of Things opportunity.

The partners say they shared a view on how IoT should develop and have agreed to collaborate in areas such as smart cars, telematics and smart cities.

The aim of working together is to lower costs and create a “massive market” for IoT services in these areas.

SK Telecom (Seoul, South Korea) and Telecom New Zealand (Auckland, New Zealand) are also holding discussions on extending the collaboration into other IoT areas, such as smart farms.

The MoU was signed on the eve of the Korea, Australia, New Zealand (KANZ) Technology Summit, which brings together representatives from those countries to discuss policy, technology and business in the ICT industry.

Held every year since 2003, the summit is this year taking place in New Zealand and focusing specifically on the themes of “sensing” and IoT.

In its statement on the partnership, SK Telecom notes that South Korea was recently rated second market-research company IDC in a ranking of IoT “preparedness” among G20 nations, with the US coming first.

SK Telecom says it began investing in IoT services as far back as 2000 and has led the development and application of IoT services for the public, industry and private sectors.

The operator has also been working to create an ecosystem for IoT development in Korea, playing a key role in organizations such as the IoT Association and the IoT Forum.

“To develop the Korean IoT industry and pioneer the global market, SK Telecom is actively contributing to creation of global IoT ecosystem,” said SK Telecom senior vice president Cho Seung-won. “By cooperating with Telecom New Zealand, in particular, the company is committed to expand Korea’s successful IoT business model to the global market.”
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