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SK Telecom Inks IoT Deal in Iran

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South Korea's SK Telecom says that it has agreed to export its IoT software solutions to companies in Iran.

The agreement came during summit talks between President Park Geun-hye and her Iranian counterpart Hassan Rouhani.

SK Telecom said it will be offering remote meter reading services for 5,000 households in Tehran based on its LoRa technology, a standardized IoT technology.

As part of the agreement with the state-owned National Iranian Gas Company, SK Telecom will provide related network equipment and IoT solutions, while Iran's energy and tech giant ARSH Holdings will be responsible for their operation.

SK Telecom said it has also signed a separate memorandum of understanding with Iran's Ministry of Energy to provide remote electricity management solutions for 15 buildings in the capital, Tehran.

"We and our Iranian partners have agreed to expand our partnerships," said SK Telecom CEO Jang Dong-hyun. "SK Telecom is also committed to contributing to Iran's economic growth in the future."

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Tags: sk telecom  iot  Iran