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SK Telecom Partners with MobiledgeX to Enable the Next Generation of Connected Devices and Mobile Application Experiences

12/13/2018 | 12:24pm EDT

MENLO PARK, Calif., Dec. 13, 2018 (GLOBE NEWSWIRE) -- SK Telecom (NYSE: SKM), the largest mobile operator in South Korea, announces an agreement to partner with MobiledgeX to enable a new generation of connected devices, content and experiences, creating new business models and revenue opportunities leading into 5G.

“In the 5G era, Mobile Edge Computing will be a key technology for next-generation industries including realistic media and autonomous driving,” said Jong-kwan Park, Senior Vice President and Head of Network Technology R&D Center of SK Telecom. “Based on this partnership, SK Telecom will continue to drive technology innovations to provide customers with differentiated 5G services.”

The relationship between SK Telecom and MobiledgeX reflects an aligned vision for the future of mobile operators as key players in future mobile application development, performance, security, and reliability. This vision is shared by leading cloud providers and device makers working with MobiledgeX to seamlessly pair the power and distribution of mobile operator infrastructure with the convenience and depth of developer tooling of hyperscale public cloud and the scale, mobility and distribution of billions of end user devices.

“Deutsche Telekom created MobiledgeX as an independent company to drive strategic collaboration across the world’s leading telecoms, public cloud providers, device makers and the surrounding ecosystem - enabling a new era of business models, operating efficiencies and mobile experiences. We are particularly excited to announce SK Telecom’s participation in this collaborative ecosystem where everybody wins. SK Telecom is a global leader in 5G which follows their rich tradition of innovation within their network, strategic partnerships and developer engagement. This new era is underway,” says Eric Braun, Chief Commercial Officer of MobiledgeX.

MobiledgeX is focused on delivering developer-facing edge cloud services and bringing mobility to those services, dynamically placing application back-end as close to mobile devices as possible and removing them when not needed. MobiledgeX, Deutsche Telekom and Intel have partnered with Telecom Infra Project (TIP) to form an Edge Application Developer project group (see here) to ensure the gained insights and supporting source code are available to all. This is a new opportunity for everyone presented as a consequence of $2 trillion of CAPEX investment in network infrastructure over the past 10 years and the virtualization of the network from the central offices to the towers.

About SK Telecom: Established in 1984, SK Telecom is the largest mobile operator in Korea by both revenue and number of subscribers. As of December 2017, the company holds around 50 percent of the market, with 30.2 million mobile subscribers including 22.87 million LTE subscribers. It has reached KRW 17.520 trillion in revenue in 2017. SK Telecom has led the advancement of mobile technologies ranging from 2G to 4G, and is currently setting important milestones in its journey to 5G. The company is not only leading innovation in the field of mobile network, but also providing IoT, media, home and platform services. SK Telecom is determined to play a significant role in the Fourth Industrial Revolution by achieving innovations and promoting shared growth with other players in the industry.

For more information, please contact sktelecom@bm.com or www.globalskt.com.

About MobiledgeX: MobiledgeX is building a marketplace of edge resources and services that will connect developers with the world's largest mobile networks to power the next generation of applications and devices. MobiledgeX is an independent edge computing company founded by Deutsche Telekom and headquartered in Menlo Park, California. More information on MobiledgeX can be found in our newsroom.

For more information see https://mobiledgex.com or contact through https://mobiledgex.com/operators/.

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© GlobeNewswire 2018
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