Swedish telecom gear maker Ericsson said that it has signed a memorandum of understanding with South Korean company LG Uplus to collaborate on the global development of 5G and Internet of Things (IoT) technologies.
Swedish telecom gear maker Ericsson on Monday said that it has signed a memorandum of understanding with South Korean company LG Uplus to collaborate on the global development of 5G and Internet of Things (IoT) technologies.
The MoU covers four key areas: IoT infrastructure, including narrow-band LTE; software-defined networking (SDN) and Network Functions Virtualization (NFV), making the core network 5G ready; global content delivery networks (CDNs); and IoT-Advanced technologies.
Ericsson and LG Uplus will establish technology and frequency strategies and work together to prepare a roadmap for long-term network development. The two companies will cooperate in a broad range of areas including research, testing and result sharing, as well as the development of technology and equipment.
“By enabling essentially unlimited access to information anywhere and anytime, 5G can deliver enormous benefits to people, business and society. Realizing this transformative vision requires a strong industry ecosystem, and we are delighted to partner with LG Uplus to lead the development of both 5G and IoT platforms,” Ulf Ewaldsson, chief technology officer, Ericsson said.
Kim Suntae, Chief Technology Officer of LG Uplus, says: “We will prepare for the 5G era based on a combination of our network management know-how and Ericsson’s strong technological power. The two companies will lead network evolution by introducing advanced network technologies to domestic and overseas markets through close collaboration.”