Converge, S. Korea’s KT Corp in digital collaboration deal
Converge ICT Solutions and South Korean company KT Corp. are collaborating to provide digital tools and innovations for the benefit of the local enterprises amid the growing need for businesses to adopt technology in their operations.
In a statement on Tuesday, the listed internet service provider said it inked a memorandum of understanding with the company formerly known as Korea Telecom on the sidelines of the Mobile World Congress in Barcelona, Spain.
The companies are also set to work together in several technological advancements, such as cloud-based video surveillance solution and transportation management technology.
“As businesses continue to move their operations online, the demand is strong for cutting-edge enterprise solutions that would enable their different business processes,” Converge president and co-founder Maria Grace Uy said.
Converge CEO and co-founder Dennis Anthony Uy added they were “continuously working with global technology companies to provide augmented digital solutions that adapt to the requirements of our evolving business environment.”
KT Corp. is a telco player that provides integrated wired and wireless communication solutions and services in several industries, including financial technology and energy management.
Last week, Converge announced it had started the construction of a cable landing station in Davao, which is part of the 15,000-kilometer (km) Bifrost cable system. The 745-square-meter (sqm), one-level facility sits on a 8,000-sqm lot.
The Bifrost project, Converge’s venture with Keppel Midgard Holdings Pte. Ltd., will connect the Philippines to Singapore, Indonesia, Guam and the west coast of North America. Expected to go live by 2024, the submarine cable has a design capacity of up to 15 terabits per second (Tbps).
The subsea cable system is designed to support the growing digital connectivity needs in the Asia-Pacific region while establishing a direct link with North America.
Another cable project, the 5,000-km South East Asia Hainan-Hong Kong Express Cable System, is also set to be operational by next year.
The fiber project, which has a design capacity of 160 Tbps, covers the Philippines, Hong Kong, China, Thailand, East Malaysia and Singapore.