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…
The US giant AT&T and Discovery have announced a deal to merge WarnerMedia’s entertainment, sports and news assets with Discovery’s international entertainment and sports companies to create a unique, high-end global entertainment company. In accordance with the agreement, AT&T will receive a total of $43 billion of cash, debt and the retention of certain debts of WarnerMedia. If approved by regulators, AT&T shareholders will receive 71% of the shares in the new company, while Discovery shareholders will own 29%. It is expected that the deal will deliver significant value to both AT&T and Discovery shareholders. This merger will bring together the strongest teams of media business leaders and content creators, and include industry-leading libraries of films and series. The merger will create a new business that could be valued $150 billion, including debt. This transaction gives AT&T and its shareholders the opportunity to leverage the value of…