While Europe’s increasing $227 billion investment in IoT assures advancements, it particularly underlines the businesses’ focus on operational cost reduction and process optimization. However, economic strains and geopolitical disturbances, like the war in Ukraine and Covid-19, impede this spending surge, especially in Central and Eastern Europe. IDC, nevertheless, forecasts an upturn by 2027, with IoT remaining a viable tool in organization performance enhancement amidst challenges. For telecom providers, these shifting sands offer both opportunities and considerable challenges.

A strategic relationship between Türk Telekom and Korea Telecom (KT) was launched on Sunday. This initiative will promote cooperation in the areas of media content, private fifth-generation network construction, and collaborative investment in startups. The cementing of this agreement is a conclusion to the two businesses’ nonbinding memorandum of understanding for collaboration inked at the Mobile World Congress in March.   The new agreement, according to KT, would increase consumers’ access to Korean media content offered by KT through Türk Telekom’s internet protocol television and streaming services. Depending on how Turkish viewers react, the agreement also suggests possibilities for expanded bilateral media content sharing and collaborative efforts to produce new media content.   Furthermore, KT has promised to share its private wireless network technology with Türk Telekom in order to establish an enterprise network by 2023. The private network architecture is anticipated to provide business and government clients with wireless…