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Converge, Korea’s KT ink accord to pursue potential business collab

Fiber internet provider Converge ICT Solutions Inc. and Korea’s KT Corporation have signed an accord to pursue potential strategic partnership to support digital transformation of Philippine enterprises.

In a disclosure to the Philippine Stock Exchange on Tuesday, Converge ICT said it signed a memorandum of understanding (MOU) with KT Corp. on February 27, 2023 at the sidelines of the Mobile World Congress in Barcelona, Spain.

The internet service provider said that, under the MOU, both parties “agreed to pursue a potential business collaboration and partnership that will support the digital transformation of local businesses by providing innovative enterprise technologies.”

The MOU also aims “to extend digital tools and innovations to enterprises in the Philippines, and to explore new digital transformation solutions for the evolving needs of ICT (information and communications technology) customers.”

The accord was inked by Converge ICT president and co-founder Maria Grace Uy and KT Corp. senior vice president Sunguk Moon.

“As businesses continue to move their operations online, the demand is strong for cutting-edge enterprise solutions that would enable their different business processes. This potential partnership with KT will allow us to co-innovate and deliver advanced technologies suited for the needs of Philippine businesses, especially small and medium enterprises (SMEs),” said Uy.

Converge ICT said the company and KT Corp. plan to jointly pursue digital transformation solutions in the country, including a cloud-based video surveillance solution called Video Surveillance as a Service (VSaaS) and a transportation management technology, Mobility as a Service (MaaS), among others.—AOL, GMA Integrated News