SK Holdings and Ericsson sign global IoT platform deal

SK Holdings and Ericsson have announced a partnership aimed at developing a global internet of things (IoT) ecosystem.

The agreement will also focus on emerging ICT services and convergence security services. The efforts will utilise Ericsson’s experience in delivering services such as Volvo Cars’ Connected Vehicle Cloud and connected container-tracking systems for shipping company Maersk Line.

"Drawing from our strength in ICT services and solutions, we will enhance ICT competitiveness and strengthen our presence in global markets by forging partnerships with leading global companies in the areas of IoT, cloud networks and big data,” said Park Jung-ho, CEO of SK Holdings, the owner of SK Telecom. 

“We will create a strong collaborative ecosystem with global ICT and solution companies for our global target markets and target industries."

The companies will collaborate on other ICT services such as authentication, as well as security solutions in both networks and data. Presently, 40% of global mobile traffic is said to be carried by Ericsson networks.

In July 2015 SK Telecom and Ericsson announced they were collaborating to develop and deploy network slicing technology optimised for 5G services. 

SK Telecom's net income for Q2 2015 fell 20% to $340 million as a result of a 1.2% dip in revenue and a 24.4% decline in operating income.

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