Airtel teams up with SK Telecom to develop 5G Technology

Indian Telecom giant Bharti Airtel and Korea’s SK Telecom on Wednesday announced a strategic partnership to build advanced telecom network in India.

The strategic alliance will allow Airtel to leverage SK Telecom’s expertise to build the advanced telecom network and together work in developing 5G technology, Network Functions Virtualization (NFV), Software-defined Networking (SDN) and Internet of Things (IoT). 

SK Telecom is Korea’s largest telecommunications company with more than 29 million mobile subscribers accounting for around 50 percent of the total market

The Gurgaon-based company in a statement said that the partnership will work across several areas including developing bespoke software to dramatically improve network experience, leveraging advanced digital tools including machine learning, big data and building customized tools to improve network planning based on every customer’s device experience. 

At 12:09 hours IST, Bharti Airtel was trading at Rs 403.75, declining by Rs 1.15 or 0.28% from its previous closing price of Rs 404.90 on BSE. The scrip opened at Rs 406.50 and touched a high and low of Rs 407.50 and Rs 403.10 respectively. The current market cap of the company is Rs 161,474.98 crore.