In Asia, the telecommunications companies of Korea, China and Japan have agreed to cooperate on the development of 5G technology in wireless network technologies, IoT, energy and marketing sectors.
South Korean telecoms operator KT announced that its chairman Hwang Chang-kyu met the CEOs of China's state-owned telecommunication company China Mobile and NTT DoCoMo, Japan's operator, to discuss ways in which the three operators could promote their cooperation in the 5G sector, reports The Korea Herald,
The Strategic Cooperation Framework Agreement (SCFA) meeting took place in Shizuoka, Japan, and was attended by CEOs and executives of the telecoms companies.
Terms of 5G cooperation agreement
KT chairman Mr Hwang indicated that the three telecommunication companies will work together on technology and services including the development of 5G with the Winter Olympic Games to be held in Pyeongchang, South Korea in 2018, followed by rollouts in Tokyo in 2020 and Beijing in 2022.
Hwang said: “A tentative 5G service that KT will offer through the Pyeongchang Winter Olympic Games will be the beginning of subsequent 5G services launched in China and Japan.
“I expect that the launch of the 5G service in Pyeongchang will serve as a turning point through which the three leading telecommunication companies will take the lead in the world 5G industry."
The Korea Herald reported that the Strategic Cooperation Framework Agreement inaugurated a comprehensive business cooperation among the three service providers in 2011.
All three have since been working together to accelerate the wired and wireless network technologies, roaming, application, content and Internet of Things (IoT), energy and marketing sectors.