-At MWC15, CEOs of both companies sign Memorandum of Understanding for vitalization of the Internet of Things ecosystem and development of future convergence business model
-Companies demonstrate the world-first LTE-M* for interconnection of sensors, for example in utility flow meter, light, and parking counter
-Sign an additional MoU on 5G to support IoT
Nokia President and CEO Rajeev Suri and KT CEO Dr. Chang-Gyu Hwang today signed a two-year memorandum of understanding (MoU) on the Internet of Things (IoT) to establish an IoT lab and LTE-M test site at KT premises, supported by all three Nokia businesses: Nokia Networks, HERE and Nokia Technologies. The MoU aims to develop an IoT convergence business model covering IoT Future Convergence Solutions and the automotive industry. IoT provides a path for what Nokia calls the 'Programmable World' and opens up tremendous potential to expand the human possibilities of technology...
In addition, the two companies agreed to collaborate on potential 5G areas including 5G standardization activities and 5G trials during the international winter games in PyeongChang in 2018.
LTE-M Demonstration:
LTE-M Demonstration:
At Mobile World Congress (MWC), the two companies jointly demonstrated an LTE-M prototype for Machine-to-Machine communication that links together a large number of wearables, cars and smart grid elements, ensures more than 10 years of battery life and provides four times more coverage than conventional LTE. This pre-5G technology enables the cost-efficient connection of a massive numbers of sensors, even in remote or poor coverage locations. Nokia Networks used its end-to-end LTE system including Flexi Multiradio 10 Base Station and Flexi Zone for the LTE-M demonstration.Click to Tweet: New MoU: @nokia, KT commit to work toward IoT, 5G and Programmable World #Networks Perform #MWC15 @nokianetworks http://nokia.ly/17KpAko
Dr. Chang-Gyu Hwang, Chairman and CEO of KT, said: "KT also believes that the IoT era presents huge opportunities for manufacturers, operators, and service providers, and aims to boost the IoT ecosystem by providing ICT convergence services and collaborating with industry leaders. We believe the strategic partnership between Nokia and KT can accelerate future innovation by leveraging new business models in IoT and 5G, and the joint demonstration of LTE-M at MWC is an example of this. The collaboration between the two companies will lay solid foundations for us to move forward in the IoT world."
Rajeev Suri, President and CEO of Nokia, said: "We believe that by 2025, virtually every person on the planet and more than 50 billion things such as devices and sensors will be connected. Through our collaboration with KT, we aim to provide new solutions for what we call the 'Programmable World' that will expand our possibilities as the things around us such as cars and watches will be connected and therefore able to automatically inform us, adapt to our behavior or business processes, learn and organize themselves. To do this, we aim to capitalize on Nokia Networks' mobile network knowledge and strong relationship with operators, HERE's expertise in location services and connected cars, and Nokia Technologies' insights and innovation in sensors."
Nokia Networks is already demonstrating key technologies such as 5G that will make mobile networks the natural choice for bringing IoT possibilities to life and enable the 'Programmable World'. Nokia has already been providing IoT-ready radio and core networks that meet today's needs for machine-type connectivity. These networks have minimal latency and powerful capabilities for handling massive amounts of signaling and transaction traffic as well as efficient management of the data.
Did you know?
South Korea has the highest LTE subscriber penetration of 72% in the world, almost two times more than any other country. As of December 2014, the country had 36 million LTE subscriptions and 42 million smartphone users.
