LIVE FROM MOBILE ASIA EXPO 2014: Korea Telecom (KT) is looking to a range of converged services that make use of its network and platforms to differentiate itself from domestic rivals and drive growth. CTO Dongmyun Lee told delegates that with high bandwidth mobile broadband and unlimited data plans offered by all three operators in South Korea, this is no longer a differentiator, meaning KT is looking at other areas. “This kind of competition is beginning to weaken our cost structure so we are trying to escape from this vicious circle,” Lee said.
LIVE FROM MOBILE ASIA EXPO 2014: Chang-Gyu Hwang, CEO of KT, this morning talked up the potential for operators to benefit from the growth of the internet of things (IoT) market, by evolving networks to support the new range of services and connected devices that are proliferating. “Convergence among industries will be accelerated through innovative technologies. Development of sensors, chips, the expansion of connected devices, the evolution of the mobile broadband network, cloud computing and big data analytics, these are all key drivers that will bring us to a smarter IoT era,” he observed in a keynote presentation.
With help from KT Corp, Korea’s biggest fixed-line operator, Japanese telecom giant SoftBank established an internet data center in Namhae, a city located in the southern tip of the Korean peninsula, in 2012, KT said. SoftBank could not be reached for comment. Facebook, the world’s most popular social network, is also said to be considering building a data center in Korea. This was made known when its Vice President Tom Furlong in-charge of data center operations, met Korean technology officials in December.