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Deutsche Telekom, SK Telecom ink cross-investment deal toward 5G

October 23, 2018

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German telco Deutsche Telekom and Korean carrier SK Telecom have entered into a cross=investment agreement, aiming to strengthen their competitiveness in 5G.

Under the agreement, SK Telecom plans to invest in MobiledgeX, an edge computing company founded by Deutsche Telekom and headquartered in Menlo Park, California. MobiledgeX focuses on delivering developer-facing edge computing services. Deutsche Telekom plans to invest the same amount in ID Quantique (IDQ), SK Telecom’s strategic partner in quantum cryptography communication technology.

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