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KT joins hands with real estate investor for Uzbek data center biz

Consumer Electronics 15:24 June 17, 2020

SEOUL, June 17 (Yonhap) -- KT Corp., South Korea's leading telecommunications firm, said Wednesday it has joined hands with the country's top real estate investor to seek internet data center (IDC) business opportunities in Uzbekistan.

Under the partnership with Igis Asset Management Co., KT will provide its know-how and technology solutions in the IDC business. Igis Asset Management will be responsible for raising funds and assessing the feasibility of business projects, according to KT.

The two sides also agreed to explore IDC business opportunities in other countries.

KT said it expects promising IDC business opportunities in Uzbekistan after checking the possibility with a demonstration service through East Telecom LLC last year.

This photo provided by KT Corp. on June 17, 2020, shows Kim Youngwoo (R), head of KT's global business office, and Kang Young-goo, co-CEO of Igis Asset Management Ltd., posing for a photo after signing a partnership on internet data center business opportunities in Uzbekistan. (PHOTO NOT FOR SALE) (Yonhap)

kdon@yna.co.kr
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