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MoU signed between KT and Ericsson for IoT collaboration

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Ericsson signed a MoU with KT on May 29, 2015 for collaboration in IoT area. KT and Ericsson plan to start verifying LTE-MTC technology and relevant IoT services in 1H, 2016 by building a trial network in Korea.

Ericsson (NASDAQ: ERIC) have signed a MoU with South Korean leading operator KT for collaboration in the IoT (Internet of Things) areas.

KT and Ericsson identified LTE-MTC (Machine Type Communications) network and IoT service based on the network as the collaboration items, considering battery life, coverage and complexity of devices. KT and Ericsson is targeting at 1H, 2016 for verification of LTE-MTC technology and relevant IoT services.

This collaboration is meaningful to both companies, since both may explore new B2B and B2G IoT business opportunities through working together to apply future proof network technology to KT and verifying relevant IoT services in advance.

Kyounglim Yun, Head of Future Convergence Business Office of KT commented, "KT will keep developing useful and innovative IoT services through strategic partnership we set with Ericsson. I hope the co-work with Ericsson will accelerate the advancement of the future proof IoT network and allow us to quickly reach the customers with useful IoT services."

Arun Bansal, Senior Vice President and Head of Business Unit Radio at Ericsson said "Cellular networks already provide the coverage and performance that is needed to support IoT services, so we look forward to collaborating with KT to enhance both networks and devices to even more efficiently address IoT opportunities in Korea. We are also working closely with KT on 5G technology, which will include an evolution of today’s LTE and innovations driven by new IoT use cases.

Notes to editors

Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With more than 110,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world’s mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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