- Four major global telcos joined forces to launch the
Global Telco AI Alliance to accelerate AI transformation of the
existing telco business and create new business opportunities with
AI services.
- They signed a Multilateral MOU for cooperation in the
AI business, which includes the co-development of the Telco AI
Platform.
SEOUL,
South Korea, July 27,
2023 /PRNewswire/ -- SK Telecom (NYSE:SKM, "SKT"),
Deutsche Telekom, e& and Singtel today announced that they
formed the Global Telco AI Alliance to create a new customer
experience and make a difference in the lives of global citizens
using AI technology.
The four members of the Global Telco AI Alliance agreed
to make joint efforts to accelerate AI transformation of the
existing telco business, and develop new growth drivers through new
AI-powered business models.
They signed a Multilateral Memorandum of Understanding
(MOU) for cooperation in the AI business. The Multilateral
MOU signing ceremony took place in Seoul, Korea with the presence of key
executives of the four telcos who attended online or in-person,
including Claudia Nemat,
Board Member Technology and Innovation at Deutsche Telekom,
Hatem Dowidar, Group CEO of
e&, Yuen Kuan Moon, Group
CEO of Singtel, Chey Tae-won,
Chairman of SK Group, and Ryu
Young-sang, CEO of SKT.
The four telcos will jointly develop the Telco AI
Platform by combining their respective technologies and
capabilities. The Telco AI Platform is expected to
serve as the core foundation for new AI services, including those
designed to improve the existing telco services, digital
assistants, and super apps that offer a wide range of services.
To facilitate the cooperation, they will form the Global
Telco AI Alliance Joint Working Group, which will have detailed
discussions on issues such as co-investment opportunities and the
co-development of the Telco AI Platform to reach a
definitive agreement. The issue of designating a C-level officer
from each company to coordinate the overall collaboration will be
discussed.
The four telcos also plan to support each other in operating AI
services and apps in their respective markets and cooperate to
build an ecosystem.
"The launch of the Global Telco AI Alliance is meaningful in
that it marks the beginning of a new journey to innovate our
business models while growing together with our global partners,"
said Ryu Young-sang, CEO of
SKT. "Through collaborative efforts, we will accelerate AI
transformation of all industries, provide new value and experience
to our customers, and lead the growth of the global AI
ecosystem."
"In order to make the most of the possibilities of generative AI
for our customers and our industry, we want to develop
industry-specific applications in the Telco AI Alliance. I am
particularly pleased that this alliance also stands for bridging
the gap between Europe and
Asia and that we are jointly
pursuing an open-vendor approach. Depending on the application, we
can use the best technology. The founding of this alliance is an
important milestone for our industry," said Claudia Nemat, Board Member Technology and
Innovation at Deutsche Telekom.
"We recognize AI's immense potential in reshaping the
telecommunications landscape and beyond and are excited to embark
on this transformative journey with the formation of the Global
Telco AI Alliance. The alliance signifies a strategic commitment to
driving innovation and fostering collaborative efforts. Our shared
goal is to redefine industry paradigms, establish new growth
drivers through AI-powered business models, and pave the way for a
new era of strategic cooperation, guiding our industry towards an
exciting and prosperous future," said Khalifa Al Shamsi, CEO of e& life.
"This alliance will enable us and our ecosystem of partners to
significantly expedite the development of new and innovative AI
services that can bring tremendous benefits to both businesses and
consumers. With our advanced 5G network, we are well-placed to
leverage AI to ideate and co-create and are already using it to
enhance our own customer service and employee experience, increase
productivity and drive learning," said Yuen Kuan Moon, Group Chief Executive Officer of
Singtel.
About SK Telecom
SK Telecom has been leading the growth of the mobile industry
since 1984. Now, it is taking customer experience to new heights by
extending beyond connectivity. By placing AI at the core of its
business, SK Telecom is rapidly transforming into an AI company. It
is focusing on driving innovations in areas of telecommunications,
media, AI, metaverse, cloud and connected intelligence to deliver
greater value for both individuals and enterprises.
For more information, please visit our LinkedIn page
www.linkedin.com/company/sk-telecom.
About Deutsche Telekom
Deutsche Telekom, a leading telecommunications company, boasts
an extensive customer base of 245 million mobile customers, 25
million fixed-network lines, and 21 million broadband lines. They
provide a wide array of services to both consumers and businesses,
ranging from fixed-network/broadband, mobile communications,
Internet, and IPTV to ICT solutions.
Operating in more than 50 countries and with a dedicated
workforce of approximately 206,800 employees as of December 31, 2022, the company achieved a
remarkable revenue of 114.4 billion
Euros in 2022. While retaining their core business of
network operation and sales, Deutsche Telekom is undergoing a
transformation into a digitalized service company, focusing on
software-based telecommunications services.
About e&
e& is one of the leading technology groups in the world.
Boasting impressive financial figures for 2022, with consolidated
net revenue reaching a staggering AED 52.4 billion and consolidated
net profit surging to AED 10 billion, the Group's impeccable credit
ratings reflect its strong balance sheet and track record of
sustained success.
Founded in Abu Dhabi over 47
years ago, the Group has a rich legacy as the pioneer in
telecommunications in the UAE. Today, its footprint spans 16
countries across the Middle East,
Asia, and Africa, making it a leading player in the
industry.
Innovation is ingrained in e&'s DNA to create an unbreakable
bond between communities using cutting-edge digital solutions,
smart connectivity and advanced technologies.
The Group has designed five strong business pillars that address
various customer segments: etisalat by e&, e&
international, e& life, e& enterprise and e& capital.
Through these pillars, we strive to revolutionise the way people
communicate, work and live by providing unparalleled services and
exceptional experiences.
At e&, we are committed to pushing the boundaries of what is
possible and delivering measurable results that make a difference
in people's lives.
To learn more about e&, please visit:
https://eand.com/
About Singtel
Singtel is Asia's leading
communications technology group, providing a portfolio of services
from next-generation communication, 5G and technology services to
infotainment to both consumers and businesses. The Group has
presence in Asia, Australia and Africa and reaches over 770 million mobile
customers in 21 countries. Its infrastructure and technology
services for businesses span 21 countries, with more than 428
direct points of presence in 362 cities.
For consumers, Singtel delivers a complete and integrated suite
of services, including mobile, broadband and TV. For businesses,
Singtel offers a complementary array of workforce mobility
solutions, data hosting, cloud, network infrastructure, analytics
and cyber security capabilities.
Singtel is dedicated to continuous innovation, harnessing
technology to create new and exciting customer experiences and
shape a more sustainable, digital future.
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SOURCE SK Telecom