Today, SK Telecom and Deutsche Telekom  have entered into an agreement to establish a 5G technology joint venture.
They will each hold 50%  of the joint venture and each will name one representative to lead the new entity. The joint venture will be headquartered in Germany. 
 Through the jv the two companies will develop advanced 5G in-building solutions and develop market opportunities starting with Europe.

In the mid-to-long-term, they will also evaluate opportunities to cooperate in the areas of augmented reality and virtual reality services, mobile edge computing (MEC) and the app market.
 SKT will contribute its technology assets to the joint venture. The company has already provided 5G/LTE dual-mode repeaters to support DT’s customer trial for in-building coverage carried out in eight different cities in Germany – i.e. Berlin, Hamburg, Bonn, Cologne, Munich, Darmstadt, Frankfurt and Leipzig – from August to October 2020.
Customer trial results have shown that users experienced significant improvement in 5G and LTE for both voice and data experience with this test device. The joint venture is scheduled to complete the development of an advanced 5G/LTE dual-mode repeater.