South Korea's top mobile carrier SK Telecom said Friday it has signed a preliminary agreement with China's No. 1 wireless operator China Mobile to develop new mobile and wireless technologies.
The largest mobile carriers in South Korea and China have signed a memorandum of understanding (MOU) to jointly develop four new technologies, including mobile networks of next generation, wireless device platform, machine-to-machine communications and mobile internet & applications, the South Korean company said in a statement.
Under the agreement, the two sides will jointly develop Smart Cloud Access Network (SCAN), or new wireless networks with lower costs and higher efficiency, while upgrading software of mobile devices such as operation system, user interface and applications.
They will also set up joint research centers for machine-to- machine communications, while jointly working on the development of application stores in a bid to standardize the market, the company said.
SK Telecom is the largest wireless operator in South Korea with a market share of about 50 percent among 50 million subscribers. China Mobile is the top mobile carrier with nearly 600 million users.
