Tag Archives: TCS

PR Newswire

HOME+ Supports Hong Kong Jockey Club Food Assistance Programme – E-Food Bank Service

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Online Grocery Shopping & Home Delivery

HONG KONG, March 29, 2022 /PRNewswire/ — The fifth wave of the pandemic has brought tremendous challenges to families and individuals of the transitional poor. To respond in times of uncertainty, e-shopping platform HOMEPLUS (“HOME+”) is pleased to be a CSR Partner of the “Jockey Club Food Assistance Programme” initiated and funded by The Hong Kong Jockey Club Charities Trust, coordinated by St. James’ Settlement and five other major non-profit organisations. Under its E-Food Bank Service, HOME+ will provide eligible individuals and families with an e-platform so that they can stay home safely and order nutritious food online. A credit equivalent to HK$400 will be provided to the account of each eligible individual each week, which can be spent on the e-platform. In order to minimise the risk of viral transmission, items ordered via HOME+ will be delivered to the doorstep.

June Lam, CEO of HOME+ said, “We are honoured to participate in this project and provide eligible individuals and families with food supplies via our convenient e-shopping services amid COVID. We have been exploring strategic collaborations with various NGO partners to leverage the HOME+ platform and deliver a wide range of food to people in need while they stay safe at home during the pandemic and not have to panic over the supply of food and daily necessities.”

About HOME+

HOMEPLUS (“HOME+”) + is an online shopping platform supported by industry leaders – Hong Kong Broadband Network, Dah Chong Hong and Kerry Logistics. With “Always Deliver More” as the brand concept, HOME+ brings “more” special offers, “more” bespoke service, “more” specialized service and “more” flexible cooperation model to create a win-win shopping experience for customers and merchants by providing a wide range of quality products covering wholesome foods, in-the-trend appliances, health supplements, personal care goods, and many more. Shop now at: home-plus.hk

PR Newswire

Cloud4C Has Earned the Networking Services on Microsoft Azure Advanced Specialization

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SINGAPORE, March 11, 2022 — Cloud4C, a leading global multi-cloud migration and managed services provider today announced it has earned the Networking Services on Microsoft Azure advanced specialization. The specialization is a validation of the company’s deep knowledge, extensive experience and proven success in designing, implementing, operating, and optimizing a customer’s network architecture, cost, and security.

Only partners that meet stringent criteria of customer success and staff skilling, as well as pass a third-party audit of their networking technical practices, are able to earn the Networking Services on Microsoft Azure advanced specialization. Businesses in every category continue to place a high value on agility, scalability, reliability, and cost across their infrastructures. Customers are looking for a consistent, low-latency experience through services that seamlessly work across on-premises, multicloud, and edge.

Partners with the Networking Services on Microsoft Azure advanced specialization have validated capabilities in helping customers connect on-premises, multicloud, 5G, and edge deployments and allow seamless integration of Azure networking services to existing networks while protecting both cloud-native and hybrid applications with zero-trust-based network security.

Debdeep Sengupta President and Chief Revenue Officer, Cloud4C, said, "The post-pandemic world has shown us the power of networking and how critical network agility, scalability, reliability, and cost are for organizations. With this brand-new advanced certification in Networking Services, Cloud4C is even better positioned to ensure that organizations of all sizes make the best of their network infrastructure as well as Azure technologies."

Rodney Clark, Corporate Vice President, Global Partner Solutions, Channel Sales and Channel Chief at Microsoft added, "Networking Services in Microsoft Azure advanced specialization highlights the partners’ expertise in designing, implementing, operating, and optimizing customers’ network architecture, cost, and security. Cloud4C has demonstrated their skills and expertise to deliver the best of network-as-a-service from Azure Networking."

Cloud4C is an Azure Expert MSP with advanced specializations for SAP on Azure, Windows Server and SQL Server Migrations, Modernization of Web Applications to Microsoft Azure, Microsoft Windows Virtual Desktop, Threat Protection, Analytics on Microsoft Azure, Linux and Open-Source Database Migration to Microsoft Azure, Kubernetes on Microsoft Azure and now, Networking services on Microsoft Azure. Cloud4C promises seamless, cost-effective digital transformation on public/private/hybrid/multi cloud set-ups coupled with 24/7/365 support from 2000+ certified experts.

Contact:

Ravi Shankar K
ravi.shankar@cloud4c.com
+91 9881139902

PR Newswire

HGC’s international telecom services transiting to Ukraine remain normal

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HONG KONG, March 8, 2022 — The international telecommunication services HGC provides to our global wholesalers and customers, including international voice, messaging and internet services, to Ukraine have continued to operate as normal, despite the turmoil the country is currently facing. The traffic is supported via international carrier interconnections that enable telecoms networks to operate as supported by the ITU regulations on international traffic flow.

HGC does not have any domestic operations in Ukraine. It provides international telecom services to global carriers connecting to about 400 carriers, MNOs and ISPs, providing global internet services to both consumers and corporate customers. HGC has been closely monitoring the situation in Ukraine since last month to ensure that international telecommunications service providers can maintain normal operations.

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides fully-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

PR Newswire

ZTE, China Mobile and NR Electric win GTI 2022 Market Development Award

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SHENZHEN, China, March 4, 2022 — ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that it has won the GTI 2022 "Market Development Award" for its 5G TSN Deterministic Network for Green Power Grid, which was designed and developed together with China Mobile and NR Electric.

In the power grid field, greenhouse gas emissions are huge, and efficient use of clean new energy such as wind and solar energy is an effective means to achieve "Emission peak and carbon neutrality". However, wind power and solar energy are easily affected by the weather and regions, bringing challenges to new energy integration into the grid. Consequently, accurate measurement, control, and real-time interaction are required when conventional mobile network mechanism cannot meet the strict network requirements of the power industry.

To solve this problem, ZTE has released the Time Promised Communication (TPC) solution, which integrates 5G TSN/5G LAN/URLLC/SLA accurate control related to time-sensitive networks as defined by 3GPP Release 16. The TPC solution combines software and hardware to effectively solve the network latency and jitter caused by traffic conflicts. It is combined with the slicing technology to reduce 5G end-to-end latency, guarantees the determinacy of the communication network, and satisfies the super-high reliability requirements of the power grid.

Instead of optical cables, the TPC solution enables flexible access to the last mile, greatly reducing communication network construction costs. The solution can be widely used in power grid scenarios, such as power differential protection, power distribution automation, phasor measurement technology (PMU), and accurate grid load scheduling. It accelerates the deployment of new energy such as solar energy and wind energy, achieves efficient coordination of power storage, and helps the power industry achieve strategic objectives of "emission peak and carbon neutrality."

GTI is dedicated to building a global platform of communication technology and promoting a prosperous ecosystem. GTI summit 2022, with the theme of "5G & Decarbonization" has focused on the current situation and strategy of 5G development, as well as how technology innovation will play a role in reaching the goal of carbon neutral and Net Zero. This award is highly recognized in the fields of 5G technology innovation, end-to-end product capability and network architecture verification.

This award further verifies the high application values and the broad prospects of 5G TSN technology. ZTE and China Mobile will promote TPC solution maturity together with R17 technology evolution.The TPC solution can be widely used in the industrial Internet field, including applications in key industries such as power, industry, logistics and healthcare, to significantly improve industrial productivity, operational efficiency and accelerate 5G business innovations.

ZTE has carried out deep cooperation with industry partners to achieve in-depth integration of IT and OT, help enterprises achieve flexible production, improve resources usage efficiency, and build a green and low-carbon industrial ecosystem.

Media Contacts:

Margaret Ma
ZTE Corporation
Tel: +86 755 26775189
Email: ma.gaili@zte.com.cn

PR Newswire

Huawei will Unveil Brand-new Networking Solutions for Home & SME at MWC 2022

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BARCELONA, Spain, Feb. 28, 2022 — Huawei will attend the 2022 MWC held in Spain from February 28 to March 3 and release the fiber-based Wi-Fi networking solution – FTTR (Fiber To The Room) gigabit all-optical room solution, and discuss with industry partners on how to resolve the current network bottlenecks of home and enterprises and how to provide better connection experience for users.

Since the breakout of COVID-19, digitalization and intelligence have developed rapidly. People require smoother communication, more convenient life, and more efficient work. On the one hand, homes have gradually transformed from entertainment centers to diversified production centers. New services such as online education, live broadcast, 8K HD movies, immersive entertainment (VR/cloud games), and smart-home are rapidly emerging. On the other hand, digital transformation and cloudification of small and micro enterprises have become a trend. High-bandwidth and low-latency applications, such as video conferencing and cloud desktop, are becoming popular. These new services pose higher requirements on network latency, bandwidth, and jitter, bringing greater challenges to home and enterprise networks.

However, home users and SMEs are still facing problems caused by poor network experience. According to statistics, 60% of broadband faults are caused by poor Wi-Fi experience. The Wi-Fi coverage ratio of more than half of home users reaches only 55%. Some users say that the Wi-Fi rate near an access point is 500Mbps, but gradually decreases to less than 20 Mbps from the living room to other rooms. According to a survey, the current network problems are mainly caused by the following four aspects:

  1. The rate cannot reach gigabit. Due to the outdated networking cable, the bandwidth can reach only 100Mbps.
  2. Seamless roaming cannot be implemented. There are multiple indoor Wi-Fi points. Traditional networking does not support intelligent switching between devices or the switching time is longer than 200ms. As a result, services are frequently interrupted when users move around.
  3. Multi-user concurrency is not supported. If more than 100 network devices access the Internet at the same time, they will go offline frequently.
  4. Whole-home coverage is not supported. Because fibers are usually routed to ELV boxes or living rooms, Wi-Fi performance deteriorates greatly after wall penetration. As a result, some rooms have no network coverage.

Huawei’s FTTR gigabit all-optical room solution is an innovative solution for home and enterprise networking. Different from traditional networking solutions, this solution extends fibers to every room, leading the newest optical network revolution. Fibers are recognized as the fastest transmission media in the industry. With four advantages, fiber has become a "dark horse" in the communications industry. Fast speed: Fibers are recognized as the fastest transmission media in the industry and can achieve 10Gbps or even 100Gbps transmission capability. Fibers deployed in the entire home can be upgraded to 10Gbps in the future, without the need of re-cabling. Low cost: The fiber industry is mature and the market is stable. The average price of fibers is 50% lower than that of network cables, reducing the reconstruction cost. Easy reconstruction: The size of fibers is about 15% of that of normal network cables. Fibers are thin and easy to be routed through pipes. Environment-friendly: Sand (silicon dioxide) is used as raw material, which is more environment-friendly and sustainable.

In addition to the main exhibition area, Huawei will also build a gigabit Wi-Fi experience center consisting of two exhibition points: FTTR-Home for home scenarios and FTTR-SME for enterprise scenarios. Online service scenarios, such as cloud VR, remote conferencing, IPTV, and 8K HD videos, will be set up to enable users to experience smooth gigabit Wi-Fi networks onsite.

Huawei’s FTTR gigabit all-optical room solution has set off a boom in China. Chinese operators released FTTR services and launched packages in 65 provinces and cities in China last year. Up to now, the number of FTTR users in China has exceeded 150,000. In addition, 20 operators outside China have started pilot projects. About the unique features of Huawei’s FTTR gigabit all-optical room solution and the extraordinary Internet surfing experience to bring to people, February 28, 2022 MWC will give the answer.

PR Newswire

BizLink Announces Completion of Merger with LEONI Industrial Solutions Business Group

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Fremont, Calif., Jan. 21, 2022 — BizLink, a global leader in interconnect solutions, today announces that the sale of the LEONI Industrial Solutions business group to BizLink Holding Inc. has been completed. Considering BizLink’s diversified quality solution portfolio, brand image, long standing relationships, and goodwill, the merger is one giant leap for BizLink Group. BizLink will build a new enterprise to keep providing cutting-edge interconnect solutions for customers, driving growth and innovation, and creating new opportunities for its employees, shareholders, and the communities.

BizLink will establish a new identity for itself with its business diversification and geographical expansion. With this acquisition, BizLink can greatly enhance its capabilities in the interconnect markets of Factory Automation, Healthcare, Machinery and Sensors, Telecommunication Systems, Rolling Stock, and Marine. More importantly, BizLink will become one of the world’s leading technology providers in the connectivity industry and will grow steadily and rapidly in the coming years. With the possibilities that arise from the combination of the companies, cultures, capabilities, and industries, BizLink will continue its momentum in the connectivity industry and push forward to overcome any obstacles and challenges.

The core of our philosophy is to strive towards achieving long-term values to serve the best interests of all employees, customers, shareholders, and the society. Despite the COVID-19 outbreak that has disrupted the global supply chain since 2020, BizLink has been able to achieve growth in operations through cost management, supply chain optimization, smart sourcing, and automation to increase productivity. The employees of BizLink and IN BG will work together to identify and fully utilize the tremendous potential that can be achieved from a larger manufacturing network, a broader technology spectrum, and extensive mutual know-how.

About BizLink

BizLink, founded in 1996, is headquartered in Silicon Valley, USA. Our mission is to make interconnection easier and to become the leading global interconnect solution supplier. We support industries that are environmentally conscious and improve quality of life through providing essential components, wire harnesses, and cables to a wide variety of industries such as IT Infrastructure, Client Peripherals, Optical Fiber Communications, Industrial, Motor Vehicle, Electrical Appliances, Medical Equipment, and Solar. In addition, BizLink also specializes in providing one-stop EMS and NPI services based on customer’s requests. With flexible production resources and global R&D teams in America, Europe, and Asia, BizLink always provides reliable interconnect solutions in close proximity to markets. At BizLink, we strive to keep collaborating closely with customers to turn their innovative ideas into reality. Visit www.bizlinktech.com.

PR Newswire

HGC ultra-low latency Eyeball-as-a-Service(TM) backs Kacific’s delivery of high-speed, reliable local broadband across Southeast Asia

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HONG KONG, Jan. 17, 2022 — HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage, and Kacific Broadband Satellites Group (Kacific), a next-generation broadband satellite operator that provides affordable, high-speed broadband access to Asia Pacific, have collaborated to boost critical connectivity across emerging markets in the Philippines, providing high standards of connectivity service delivery and quality.

Working together, the two providers will offer faster, safer, and more reliable critical infrastructure benefiting the Philippines’ enterprise users as well as an array of industries including mining, government, banks, financial institutions, schools, health clinics, telemedicine, and remote healthcare which may enter the market for the first time.

With a population exceeding 110 million, the Philippines is rapidly digitizing with a high internet penetration expected to reach 82% by 2022.

Kacific’s geostationary Ka-band satellite, Kacific1, was launched in December 2019 to provide high-speed, reliable broadband connectivity to the underserved rural and suburban communities at prices and equipment that are affordable and easily accessible. Now, the operator is deploying innovation breakthroughs on the ground with a new line of high-performance and cost-effective broadband terminals.

HGC has been selected as a partner of choice to host Kacific’s IT infrastructure and critical business applications speeding up deployments and upgrades, as well as improving network latency and accelerating times to market-leading standards and upping security systems.

HGC will provide the international IP routes to Kacific that subsequently will use this to give internet access across remote, internet deprived areas through Satellite technology where there is a lack of fibre.

By utilizing HGC’s flagship ultra-low latency Eyeball-as-a-ServiceTM (EaaS) Solution, Kacific will be able to noticeably reduce latency times and further deploy innovation breakthroughs on the ground with a new line of high-performance and cost-effective broadband terminals.

HGC EaaS has been created to take into consideration regional routing and IP related services, bringing on route diversity that not only achieves ultra-low-latency times of less than 10 milliseconds* and a more robust bandwidth but also offers disaster redundancy preventing profit-hitting downtime.

Ravindran Mahalingam, HGC’s Senior Vice President, International Business, said: "The Philippines is undergoing a tremendous shift as its economy converts to digital, and the need for critical digital infrastructure has never been greater than right now. From enterprises to OTTs providing virtual banking, streaming services and more, this is a turning point in the faciliating business’ digitalization."

Cliff Tam, HGC’s  Senior Vice President, Global Data Strategy of International Business, said: "This project is not only remarkable from a technical standpoint from Earth to space and back, but it also has a tremendous philanthropist side to it because we are helping to connect the unconnected across swathes of Southeast Asia that are full of talent but that until now lacked the digital tools to shine."

"We look forward to continuing working with Kacific as well as all the enterprise/OTT users and other verticals to help them take the first step towards modernizing their operations."

Cyril Annarella, Chief Operations Officer at Kacific, said: "Our focus has always been to work in partnership with major international carriers and with strong local partners to complement our satellite assets and advance the global broadband infrastructure."

"HGC is highly regarded in Asia and the global markets, and is a well-known pioneer in the telecommunication arena. The skills and expertise HGC brings to this project allows us to continuously deliver a world class service to our markets and make a rapid and lasting difference to the people of Southeast Asia.

Contact us to learn more: ibmarketing@hgc-intl.com
HGC Eyeball-as-a-Service™ Solution: https://www.hgc-intl.com/products-and-services/ott-edge-solutions/edge-solution/

*HGC Eyeball-as-a-Service™ Peering Platform Internal Testing Result within the Philippines region.

About HGC

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

About Kacific

Kacific Broadband Satellites is a next-generation broadband satellite operator, headquartered in Singapore. Kacific’s high-throughput Ka-band satellite, Kacific1, delivers affordable, high-speed broadband access to the Pacific and Southeast Asia, with a focus on underserved rural and suburban areas.

Kacific uses the latest multi-beam space communications and ground technology to provide quality service to businesses, governments, and communities. Kacific’s services foster greater internet usage, fueling economic growth and improvements in service delivery across covered regions.

Since the launch of the Kacific1 satellite in December 2019, Kacific’s operations have scaled rapidly across Asia Pacific. Kacific currently helps address a market of more than 100 million people in 25 countries around the Pacific and Southeast Asia who are unconnected or under-connected to the internet.

Kacific’s awards include Best Digital Inclusion (Pacific ICT Awards, 2019), Satellite Executive of the Year: Christian Patouraux (APSCC, 2019) and Better World Satellite Award (SSPI, 2018).

PR Newswire

Thousands of Music Lovers Join the HGC “Go Ahead, Performers!” Music Live

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Riding on this huge success, more performers from around the world expected to join the campaign, encouraging youngsters to pursue their dreams

HONG KONG, Jan. 16, 2022 — HGC Global Communications Limited (HGC), a leading fixed-line operator and information and communications technology (ICT) solutions provider, announced the HGC "Go Ahead, Performers!" Music Live was successfully held virtually on 14 January. Various talented musicians and bands took part and delivered stellar performances, demonstrating an extraordinary start for the 2022 campaign.

Local singer Endy Chow
Local singer Endy Chow

In line with HGC’s belief in embracing a new era of diversity for Hong Kong through technology, the event confirmed the value of the branding campaign’s direction to inspire young people to be bold, pursue their dreams and let their uniqueness shine.  

To cope with the latest anti-epidemic measures and ensure the safety of the audience and staff, HGC "Go Ahead, Performers!" Music Live was an all virtual concert, however the performances were all highly enjoyable and just as memorable.

Local singer Endy Chow and the band ToNick were among the evening’s highlights, delighting fans with some of their most popular songs. Joining them for the virtual gig were The Black Sheepee, Wondergarl and Chonotenki who also delivered exciting performances and a vibrant positive energy.

Besides local performers and bands, HGC "Go Ahead, Performers!" Music Live also invited two street performers – Xiaohainan who always perform at Shenzhen, Guangzhou and Tyler Tseng from Tamsui, to perform virtually, sharing their unique music styles and initiating interaction opportunities with the online audience in Hong Kong.

Having set the scene for its upcoming campaign with the online concert, HGC is now even more dedicated to inspiring local youngsters to pursue their dreams, embrace new challenges, and strive for innovation. Support for young people and musicians is more important than ever and in the future, HGC will continue to organize thought-provoking events, inviting performers from around the world, such as London, Manila, Singapore and Bangkok, to cheer up young people and enable them to shine bright on stage.

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

 

PR Newswire

SK Telecom, SK Square and SK hynix Launch ‘SK ICT Alliance’ for Synergies

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LAS VEGAS, Jan. 9, 2022 — At CES 2022, SK Telecom, SK Square and SK hynix announced the launch of the ‘SK ICT Alliance’ to jointly develop and invest in ICT convergence technologies, and create global market opportunities. 

Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix
Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix

The alliance comes as SK hynix celebrates the tenth year since joining the SK Group and SK Square successfully spun off from SK Telecom, marking the beginning of a new era of synergies between semiconductor, telecommunication and investment. 

Ryu young-sang, CEO of SK Telecom
Ryu young-sang, CEO of SK Telecom

With the aim to secure global competitiveness in diverse ICT areas such as semiconductors, 5G and AI, the three companies plan to carry out joint business activities in the global market by leveraging SK Square’s innovative investment, SK Telecom’s AI and 5G technologies and SK hynix’s  future semiconductor technologies.

Lee Seok-Hee, CEO of SK hynix
Lee Seok-Hee, CEO of SK hynix

From January 2022, the three companies will operate ‘Synergy Council’ chaired by Vice Chairman Park Jung-ho, and joined by Ryu Young-sang, CEO of SK Telecom, and Lee Seok-Hee, CEO of SK hynix. The Synergy Council will be the highest decision making body, where the executives discuss R&D cooperation and joint investments in semiconductor and ICT areas, and promote global market expansion. 

  • Increasing the presence of SK Telecom’s self-developed AI semiconductor SAPEON

SK Telecom, SK Square and SK hynix will first create synergies in introducing SK Telecom’s AI chip SAPEON* to the global market. The three companies will jointly invest to establish SAPEON Inc. in the U.S. and make inroads into the global AI semiconductor market. 

* SAPEON is SK Telecom’s self-developed AI chip launched in November 2020. Although it is about half the price of a Graphics Processing Unit (GPU), its deep learning computation speed is 1.5 times faster and it uses 20% less power than GPU.

SK Telecom plans to lead the development of SAPEON-related technologies by leveraging its R&D capabilities and service experience accumulated in 5G and AI. In the mid-to long-term, the company will expand its SAPEON model lineup by developing AI chips dedicated to data centers and autonomous driving. 

SK Telecom, SK Square and SK hynix Launch 'SK ICT Alliance' for Synergies
SK Telecom, SK Square and SK hynix Launch ‘SK ICT Alliance’ for Synergies

SK Telecom will also promote synergies between its AI semiconductor and SK hynix’s semiconductor memory technologies, while also attracting strategic and financial investors in cooperation with SK Square. 

SAPEON Inc. will serve as an outpost for expanding the AI semiconductor business to the global market by attracting U.S.-based big tech companies as major clients. It will also secure an edge in luring semiconductor development experts and drawing in outside investors. Moreover, as the subsidiary of SAPEON Inc., SAPEON Korea will take charge of business in Korea and the Asian region. 

Projecting that the convergence of AI and metaverse will define the future world of ICT, SK Telecom plans to innovate its three key services, T Universe, Ifland and AI Agent, in an accelerated manner. Moreover, it will also introduce new services by adding connected intelligence to future devices such as UAM aircrafts, self-driving cars and robots. 

"By proactively responding to changes taking place in the areas of AI, metaverse and 5G, we will prepare ourselves for the next decade," said Ryu Young-sang, CEO of SK Telecom.   

  • Creating an ICT investment capital of over KRW 1 trillion

SK Telecom, SK Square and SK hynix plan to establish a base to make investments overseas this year and attract investment from overseas financial investors to create and operate a total investment capital of over KRW 1 trillion. Detailed discussions on investments are already underway with prominent global investors.

With this investment capital, the three companies will actively invest in companies with innovative technologies such as AI, metaverse, block chain and semiconductors. 

Through these investment activities, they will be able to stay ahead of the convergence trend within the ICT industry and discover unicorns that can change the industrial landscape, which will lead to valuable business synergies. 

SK Telecom and SK hynix will be able to strengthen business partnerships with the companies they invested in or even secure an advantage in the acquisition of these companies in the future. SK Square expects to build a good track record as an investment company, while increasing its corporate value. 

According to market research company Mergermarket, the size of the global buyout market reached around KRW 1,400 trillion (USD 1.172 trillion) in 2021, increasing by about twofold from the previous year. Industries are being rapidly reorganized via M&As between global companies, and those that fail to keep up with this trend are left behind the competition. 

  • SK hynix to increase its global market presence through ‘Inside America’ strategy

SK hynix aims to become a top global tech company that leads the rapidly changing ICT industry.

Recently, the semiconductor market is witnessing more diversified demand from sectors like AI, autonomous driving and metaverse, and pluralization is taking place within the system architecture field like CPU, GPU and MPU. Since the existing law of competition no longer applies to this market, it is imperative for companies to develop new business models and technologies to remain competitive. 

With the acquisition of Intel’s NAND and SSD business, SK hynix is now fully set to strengthen the competitiveness of its NAND flash business. The company also aims to break away from its existing role as a semiconductor supplier and become a company that leads future technologies along with global ICT companies. 

Moreover, SK hynix will carry out its ‘Inside America’ strategy in the U.S., world’s largest ICT market and battlefield, to enhance its business competitiveness and expand into new partnerships. It will also establish a new business unit and R&D center in the U.S. Based on SK hynix’s competitiveness, the three companies expect to strengthen their collaboration with global ICT companies.

"SK hynix will take a leap to become a top-notch global tech company by offering more innovative technologies and products, and creating value for the society and humanity," said Lee Seok-Hee, CEO of SK hynix. 

Meanwhile, SK Square plans to accelerate the creation of synergies among the three companies by making innovative investments. In response to SK hynix’s moves towards global market expansion and new technology development, SK Square will make joint investments in the semiconductor ecosystem. In parallel, it will increase its investment in platforms that will drive future innovations such as metaverse and blockchain.

SK Square will also enter the new global block chain market by leveraging Korbit, a virtual asset exchange it recently invested in, and build a blockchain-based economic system in collaboration with SK Telecom’s metaverse platform Ifland.

"This year, the SK ICT Alliance will join forces to achieve new innovations and make a big leap forward in the global market," said Park Jung-ho, Vice Chairman and CEO of SK Square and SK hynix. "As leading players in the global semiconductor and ICT industries, we will also make best efforts to contribute to the Korean economy."  

About SK Telecom

SK Telecom (NYSE:SKM) is Korea’s leading ICT company, driving innovations in fixed & wireless telecommunications, AI service, and digital infrastructure service. Armed with cutting-edge ICT including AI and 5G, the company is ushering in a new level of convergence to deliver unprecedented value to customers. As the global 5G pioneer, SKT is committed to realizing the full potential of 5G through ground-breaking services that can improve people’s lives, transform businesses, and lead to a better society.

SKT boasts unrivaled leadership in the Korean mobile market with over 30 million subscribers, which account for nearly 50 percent of the market. 

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM"), Flash memory chips ("NAND Flash") and CMOS Image Sensors ("CIS") for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

PR Newswire

KT SAT unveils its new brand of maritime satellite communication targeting South East Asia market

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SEOUL, South Korea, Jan. 5, 2022 — KT SAT(www.ktsat.com), the leading provider of satellite communication service in South Korea unveils its new maritime brand "XWAVE" that stands for the company’s vision of expanding the global market to South East Asia. The brand "XWAVE" reflects the meaning of ‘Express’ and ‘Wave’ having been developed under the willingness of KT SAT that it will provide outstanding maritime communication with the most reliable service quality.

KT SAT launches its new maritime communication brand "XWAVE" with expanded Regional MVSAT coverage from the Bay of Bengal, Indonesia, and the West Sea of Australia to the Indian Ocean
KT SAT launches its new maritime communication brand "XWAVE" with expanded Regional MVSAT coverage from the Bay of Bengal, Indonesia, and the West Sea of Australia to the Indian Ocean

Maritime VSAT is the end-to-end maritime connectivity service with an unlimited high-speed network. Especially Regional MVSAT has been beloved by many customers with its high quality and stable connectivity by using a dedicated Ku-band communication network from the KOREASAT fleet. Based on its extensive experience in the satellite business, KT SAT will keep expanding its market to South East Asia by maintaining the top position in the domestic market at the same time.

KT SAT has prepared the service quality in order to provide more stable and faster connectivity to customers with a deep understanding of their needs for adopting smart ships. This launch of the new maritime brand also reflects the mission of KT SAT to meet customers’ need for extensive service coverage and unlimited data communication in the mobility era.

Due to the launch of its maritime brand, KT SAT managed to expand and strengthen the coverage of R-MVSAT. With this improvement in service coverage, KT SAT now can embrace a total of 40 percent of the growing demand in global maritime data communication from the Bay of Bengal, Indonesia, and the West Sea of Australia to the Indian Ocean. KT SAT also accomplished to distinguished advance in service quality by migrating traditional L-band MSS (Mobile Satellite Services) which is a pay-as-you-go service to the unlimited high-speed network (2Mpbs+). KT SAT CEO, Kyung min Song said "South East Asia is a new market for KT SAT which has a great potential to grow 27.5% annually. We will keep developing incomparable value-added services which could support work efficiency as well as secure operation in vessels using our innovative ICT technology".

Both Vessellink and Live TV are the most representative services of KT SAT. Vessellink supports not only efficiency in operation but also intelligent monitoring of vessels through automatic vessel data analysis. Live TV, the world’s first real-time broadcasting service launched in July, 2021 is also expected to give a lot of joy to crews by providing various cultural content like Korean dramas and K-Pop programs.