- “As the global 5G pioneer, SK Telecom is committed to contribute to the expansion of the global 5G ecosystem,” said Lee Kang-won, VP and head of cloud labs for SK Telecom. “SK Telecom will work closely with Bridge Alliance Member Operators to help accelerate their progress in 5G and MEC, and create a pan-Asian 5G MEC ecosystem.”.
- Media business main driver for earnings growth. SK Telecom also reports that the media business served as the main driver for earnings growth of the new business areas. SK Broadband’s revenue.
Uber will invest over $100 million in the joint venture, plus another $50 million in T Map Mobility – SK Telecom’s newly-independent mobility business. A statement says that the joint venture will promote e-hailing in Korea by combining T Map Mobility’s network of drivers and mapping technology with Uber’s ride-hailing technology.
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© Bloomberg A pedestrian wearing a protective mask passes in front of signage displayed outside Uber Technologies headquarters in San Francisco, California, U.S., on Monday, May 4, 2020. Lyft Inc. withdrew its profit and revenue forecasts for 2020, following rival Uber Technologies Inc. in citing evolving and unpredictable impacts from Covid-19.(Bloomberg) -- Uber Technologies Inc. plans to invest $150 million into a joint venture with SK Telecom Co. in South Korea, in a move to expand its service and cast off competitive and regulatory pressures in the country.
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SK Telecom plans to split off its maps and ride-hailing unit T Map Mobility on Dec. 29, creating a service with more than 200,000 drivers and 750,000 taxi users per month. It will then form a separate car-hailing joint venture with Uber, which will invest $100 million for a 51% stake. Uber will also invest $50 million in T Map Mobility itself. The two companies expect to begin operations in the first half of next year.
The partnership comes as Uber explores deals that could expand its service outside its established markets. The company is considering the purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now in a deal that could boost its market share in Europe and Latin America, Bloomberg News has reported.
Read more: Uber Said to Weigh Purchase of BMW-Daimler Ride-Hail Venture (4)
Uber and SK will launch a co-branded mobility platform after obtaining regulatory approval. It will go up against Kakao Corp., which operates South Korea’s largest mobility service.
Uber’s business in the Asian country hasn’t yet proven successful, as it terminated its food delivery offering after failing to overcome the dominant position of local operator Woowa Brothers Corp. In 2017, a Seoul court fined the local unit of Uber 10 million won (about $9,000) for running an illegal taxi rental business, after years of legal pressure from the South Korean government.
For more articles like this, please visit us at bloomberg.com
©2020 Bloomberg L.P.
Overview
SK Telecom USB Driver is a Shareware software in the category Miscellaneous developed by ArpanTECH.
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The latest version of SK Telecom USB Driver is currently unknown. It was initially added to our database on 03/16/2010.
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SK Telecom USB Driver runs on the following operating systems: Windows.
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