Ericsson and LG Uplus have recently signed a Memorandum of Understanding (MoU) to collaborate on the development of 5G and Internet of Things (IoT) technologies.
According to a media statement, this five-year agreement will cover four key areas: IoT infrastructure, including narrow-band LTE; software-defined networking (SDN) and network functions virtualisation (NFV) to make the core network 5G ready; global content delivery networks (CDNs); and IoT-advanced technologies.
Both companies will establish technology and frequency strategies and work together to prepare a roadmap for long-term network development. They will cooperate in a broad range of areas including research, testing and result sharing, as well as the development of technology and equipment.
"We will prepare for the 5G era based on a combination of our network management know-how and Ericsson's strong technological power. The two companies will lead network evolution by introducing advanced network technologies to domestic and overseas markets through close collaboration," said Kim Suntae, Chief Technology Officer of LG Uplus.
"By enabling essentially unlimited access to information anywhere and anytime, 5G can deliver enormous benefits to people, business and society. Realising this transformative vision requires a strong industry ecosystem, and we are delighted to partner with LG Uplus to lead the development of both 5G and IoT platforms," added Ulf Ewaldsson, Chief Technology Officer of Ericsson.
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