SK Telecom said in a statement the two companies will carry a field test for metaverse operations in Europe before the end of 2022. The Korea Herald reported that the telco premiered an international version of its ifland platform in March during the Mobile World Congress 2022.
The two companies are also eyeing to launch a metaverse business.
The two telecom giants have also agreed to introduce a European version of One Store, SK Square’s (SK Telecom’s spin-off investment firm) homegrown app store, according to The Korea Economic Daily.
The two will also be working hand in hand in other businesses such as cybersecurity and social and governance sectors, SK Telecom said.
Prior to this joint venture, both companies have a history of collaboration. In January 2021, SK Telecom and Deutsche Telekom founded a 50:50 stake in 5G indoor wireless technology company Techmaker.
SK Telecom in June 2019 invested US$30 million to Deutsche Telekom Capital Partners, the investment arm of Deutsche Telekom.
In Australia, interest in metaverse is gaining ground. According to a 2022 study conducted by Telsyte, one in three workers are willing to do meetings and training in the virtual-reality of the metaverse if companies allowed it.
This first appeared in the subscription newsletter CommsWire on 10 May 2022.