SK Telecom said in a statement the two companies will carry out a field test for metaverse operation in Europe before the end of 2022, create contents that work on the virtual world and implement a marketing for metaverse migration in Europe. SK Telecom premiered an international version of its own ifland metaverse platform in March. As part of the long-term plan, SK Telecom said the company and Deutsche Telekom are considering establishing a joint venture in Germany, to find more European telecommunication partners. Also, Deutsche Telekom is likely to design a virtual space on ifland platform, emulating a German city, under the strategic partnership.
SK Square owns a stake in cybersecurity firm SK Shieldus and app marketplace operator One Store. The companies are looking to join forces with counterparts under the umbrella of Deutsche Telekom for their respective expansion to Europe. This is the latest development of the strategic partnership between the two companies. In January 2021, SK Telecom and Deutsche Telekom founded a 50:50 joint venture Techmaker dedicated to 5G indoor wireless technology. SK Telecom in June 2019 committed $30 million to Deutsche Telekom Capital Partners, an investment arm of the German firm.