Singapore Telecommunications (Singtel) and South Korea’s SK Telecom have signed a memorandum of understanding (MOU) on Nov 29 to jointly grow the latter’s metaverse business in countries where SK Telecom has operations in.
According to the statement released by SK Telecom, the partnership will begin in Singapore.
Singtel, which is one of SK Telecom’s four global strategic partners, will share its expertise on 5G and other forms of technology across the Asian Pacific region in the venture. SK Telecom will lend its insights from the operation of its metaverse platform, ifland, in Korea. It will also provide its metaverse-related technologies as part of the MOU.