SKT CEO Park Jung-ho holds up the joint venture establishment contract, dressed in the uniform of SKT’s League of Legends esports team T1. Park is joined in the picture by Singtel CEO Chua Sock Koong (left, top) and AIS CEO Somchai Lertsutiwong (left, bottom) via a remote conference. (SKT)
Under the agreement, Korea’s SKT, Singapore’s Singtel and Thailand’s AIS will each invest an equal amount of funds and share equal rights to the joint venture, expected to launch in 2020.
The addition of AIS is the result of a follow-up to the partnership SKT and Singtel had agreed on in February 2019, according to SKT. SKT said it has secured an outpost to the Southeast Asian market through its partners, as Singtel operates in 21 nations globally, and AIS is the biggest telecom operator in Thailand.
Rather than develop games together, the joint venture will seek to expand the culture of esports-watching to the wider Asian nations through platform services incorporating gaming media contents and community platform.
SKT, Singtel and AIS CEOs carry out a telecommuting conference amid COVID-19 situation. (SKT)
By Lim Jeong-yeo (email@example.com)