Indonesia's largest telecom operator Telkom Indonesia and SK Telecom of South Korea are to combine their expertise to capitalise on business opportunities emerging from the Internet of Things (IoT), smart city and media.
The partners signed a Memorandum of Understanding (MOU) last month at Telkom headquarters located in Jakarta, Indonesia, SK Telecom announced in a statement.
SK Telecom hopes the partnership will benefit its Lifeware business, which it refers to as consumer-centric smart devices that "add value and convenience to people's lives."
The Jung District-based telco also plans to introduce to Telkom its IoT platform ThingPlug, sharing its knowledge in deployment and operation of LoRa networks, with the view of developing IoT technologies and services that are tailored to the Indonesian market.
The two companies will also look to realise the idea of building a joint venture for their IoT business within the next two years.
Before that, the pair have agreed to collaborate in the development of cloud-based TV solutions for Telkom customers, using SK Telecom's media solution 'Cloud Streaming' as a basis.
Cloud Streaming enables media companies including cable, TV, IPTV service providers to realize a "high-performance, high-quality service regardless of set-top box performance," SK Telecom notes.
On top of this, the two companies will also work together to introduce SK Telecom's laser pico projector 'UO Smart Beam Laser' to the Indonesian market.
"Through the MOU, SK Telecom will work closely with Telkom to develop mutually-beneficial business opportunities in diverse areas including IoT, smart city and media," said Lee Eung-sang, executive vice president and head of global business division of SK Telecom.
"Building on this partnership, the two companies will continue to make joint efforts to expand their presence beyond the Indonesian market."