Bonus $100
Promo Codes 2024
USA Elections 2024
Users' Choice
90
89
88
85

SKT, Telkom in $10m content JV

24 May 2010
00:00
Read More

Korean cellco SK Telecom has set up a $10 million digital content business with Telkom Indonesia.

SKT said the two would establish a hub to distribute music, games and video clips to Indonesian consumers. They will also offer it as a platform for online music stores and other telecom operators.

The partners will invest KRW 12.5 billion ($10.48m) in the hub, with SKT taking a 49% stake and Telkom 51%.

SK Telecom said it would bring its experience in running the MelOn music store in Korea. It would source digital content and manage the hub’s operations, while Telkom will provide local marketing and billing.

.

Related content

Rating: 5