MTS (MTSS.MM), Russia’s largest mobile operator, announced on Wednesday that it has reached an agreement with KT Corp (030200. KS) of South Korea to develop data centers, AI-based solutions, and media content initiatives.
MTS, like MTS Bank, e-commerce, and streaming service KION, is one of the numerous Russian corporations exploring services outside of its main business. It agreed to buy VisionLabs, a biometrics company, in December.
MTS said in a statement that it wants to use KT’s experience as a data center operator to help create and manage MTS’s cloud facilities in Russia.
“In addition, the companies plan to strengthen their strategic partnership in developing joint solutions leveraging AI technology, combining KT’s GiGa Genie voice recognition service and MTS AI’s solutions in video analytics,” the statement said.
