Converge ICT and South Korea’s KT Corp have agreed to pursue a potential business collaboration and partnership, the broadband service provider disclosed on Tuesday.
Converge said that among the potential deals it eyes with KT Corp, formerly known as Korea Telecom, were a cloud-based video surveillance solution called Video Surveillance as a Service (VSaaS) and a transportation management technology, Mobility as a Service (MaaS).
The two companies signed a memorandum of understanding at the sidelines of the Mobile World Congress in Barcelona, Spain, Converge said.
“The agreement was signed by Converge President and Co-Founder, Maria Grace Uy, and KT Senior Vice President, Sunguk Moon,” Converge said in a disclosure to the stock exchange.
“This potential partnership with KT will allow us to co-innovate and deliver advanced technologies suited for the needs of Philippine businesses, especially small and medium enterprises (SMEs),” Uy added.
Converge has also partnered with Singapore-based Keppel Telecommunications and Transportation Inc to set up a subsea cable system that will include the country to boost connectivity.
