Hartmannsdorf — July 12th, 2018 – albis-elcon, the Germany-based network equipment and solution company has signed a Memorandum of Understanding (MoU) with South Korea’s leading telecom company “KT Corporation” to work together in potential business opportunities and collaboration in relation to GiGA technologies and associated wire-line and wireless technology platforms.
The MoU was signed to reinforce the collaboration between the two parties on GiGA Wire and other GiGA technologies (GiGA Wi-Fi, GiGA LTE, etc.) business expansion in the countries where albis-elcon has been conducting its business activities globally.
The two parties also agreed to pursue a Research and Development (R&D) collaboration for the future improvement of the aforementioned technologies including accommodating market requirements and technology enhancements. Furthermore, KT Corporation and albis-elcon will collaborate on the development of 5G network solutions and various platform businesses in the area of energy management, security and IPTV supported artificial intelligence solutions.
“We are very pleased to collaborate with albis-elcon, which is expanding its business all over the world based on Europe, and KT has established another bridgehead for global market penetration,” said Hyung-Joon Kim, Executive Vice President, Head of Global Business Unit at KT Corporation.
“New products and new solutions require innovative ideas, solid technologies and detailed implementation to guarantee first class user experiences. KT’s outstanding expertise will enable us to actively drive the development of future networks including the creation of new business models and operational excellence for our customers”, said Werner Neubauer, Chief Executive Officer of albis-elcon.
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About KT
KT Corporation, Korea’s leading telecommunication service provider, offers mobile services and fixed-line telephone services, including local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol telephone services, as well as interconnection services.
About albis-elcon
albis-elcon supplies communications service providers with products and systems for fiber and copper data transmission and power feeding to enable broadband network deployment, IP network migration, and Internet TV distribution — all of which are fully-managed and software-controlled. With 15 million installed devices in more than 40 countries, the company is well-positioned to deliver superior-engineered hardware, software, network management, and implementation services.
Data transmission was the beginning, software control is the present, and network behaviour prediction is the future. Data management is the focus. Customer satisfaction is the priority.
albis-elcon — power to complete networks. More at www.albis-elcon.com.
All trademarks appearing herein are the property of their respective owners.
albis-elcon Contact:
Philipp Neuber
Director Marketing and Back Office
Tel: +49 3722 7351-2935
Email: philipp.neuber@albis-elcon.com