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 Barcelona, Spain – 3 March 2015 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: 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. Click here to download a picture of MoU signing by Nokia and KT. Click Nokia IoT explosion of possibilities and Nokia IoT Technology to download pictures that illustrate the Internet of Things. Resources: Blog: Nokia CEO Rajeev Suri presents New Nokia vision at World Internet Conference in Wuzhen, China Webpage: 5G Webpage: Security Webpage: Evolved Packet Core Webpage Subscriber Data Management Connect with Nokia Networks: Website Blog Twitter YouTube LinkedIn Facebook TAGS: Internet of Things, IoT, LTE-M, M2M, Autonomous Cars, Smart Home, Programmable World, MoU, 5G About KT Originally founded in 1981 as a public corporation named Korea Electrical Telecommunications, KT is now the leading telecommunication corporation in Korea. KT provides a wide range of services, from local telephone and mobile LTE-network services to GIGA-level high speed internet services. Moreover, KT is leading its way to be a global ICT convergence leader by converging network, IT, media, and contents to provide Smart-Life which will connect us and the things around us. Please visit www.kt.com for more information. About Nokia Nokia invests in technologies important in a world where billions of devices are connected. We are focused on three businesses: network infrastructure software, hardware and services, which we offer through Nokia Networks; location intelligence, which we provide through HERE; and advanced technology development and licensing, which we pursue through Nokia Technologies. Each of these businesses is a leader in its respective field. Nokia Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly. http://networks.nokia.com/ // http://company.nokia.com Media Enquiries Nokia NetworksCordia SoMedia RelationsPhone: +852 9747 5873E-mail: cordia [dot] so [at] nokia [dot] com Media RelationsPhone: +358 7140 02869E-mail: mediarelations [at] nokia [dot] com Notes:* LTE-M or LTE for machine-to-machine communications, is a new LTE variant and pre-5G technology that is to be integrated into 5G. It provides a battery life of more than 10 years, 15 dB additional coverage and minimal device costs, and is the key enabler for connecting the billions of sensors and machines to the network that are needed for the Internet of Things. Nokia Networks demonstrated a live LTE-M solution prototype at the KT booth at Mobile World Congress 2015.
End of the release / See all releases