content area
Press Release
SK Telecom sells the GSM-based ’i-Kids’ solution to SF-Alert of the Netherlands, and decides to acquire a 20 percent stake in SF-Alert
It will realize 20% of SF-Alert’s net profit, which will amount to at least KRW 40 billion over the next 5 years
This lays the groundwork for their being greater inroads into the European GSM market by SK Telecom’s advanced service products
-
SK Telecom will make its entry into the European market with the children safety service called `i-Kids`. The company will start offering the GSM-based `i-Kids` service in the Netherlands, by June of 2005, and intends to expand its service area to 3 European countries, including France and Germany, by the end of this year.
SK Telecom will soon make its entry into the European GSM market with the GPS-based children safety service called ’i-Kids’.
SK Telecom announced on the 24th of May that the company has signed a contract to sell the GSM-based ’i-Kids’ solution for 310,000 EURO (KRW 390 million) to SF-Alert, a mobile security firm in the Netherlands. In conjunction with this transaction, SK Telecom has decided to acquire a 20 percent stake in SF-Alert.
Under this contract, SK Telecom will be managing the technology, providing the server and software-combined ’i-Kids’ solution as well as ’i-Kids’ handsets customized for GSM operators in SF-Alert. At the same time, SF-Alert will take charge of marketing and sales of SK Telecom’s ’i-Kids’-solution-based children’s safety service and ’i-Kids’ handsets, to major European mobile communications operators, distributors, and home shopping companies such as KPN, MCC, and Wehcamp.
SK Telecom will be realizing 20% of SF-Alert’s net profit, which will amount to at least KRW 40 billion over the next 5 years.
’i-Kids’ is a children safety service that lets parents identify their children’s current location and traveling routes by using GPS technology via their cellular phone or computer. Nexmore has managed to develop this service application, and Bellwave was in charge of developing the ’i-Kids’ handset (BGL-100).
SK Telecom’s 3G Reality Center in Seoul is currently in the final stages of developing the GSM-based ’i-Kids’ handset, and plans to supply 200,000 of these handsets to the European market through SF-Alert, during this year.
The company will start offering the GSM-based ’i-Kids’ service in the Netherlands, by June of 2005, and intends to expand its service area to 3 European countries, including France and Germany, by the end of this year. SK Telecom will work toward ultimately providing the service in 21 countries in Europe.
In addition, SK Telecom plans to diversify the range of the service by applying ’i-Kids’ service’s mobile security functions to location inquiry, and robbery prevention, of high-priced vehicles such as small vessels, automobiles, and motorcycles.
Myung Sung Lee, executive vice-president and head of SK Telecom’s Strategic Technology Group commented, "Our successful advancement into Europe signifies that SK Telecom’s mobile telecommunications technology is being acknowledged in the European market". He added, "Based on its technological competitive edge, SK Telecom will continue to search for ways to offer a variety of products and services in the European market".
SK Telecom announced on the 24th of May that the company has signed a contract to sell the GSM-based ’i-Kids’ solution for 310,000 EURO (KRW 390 million) to SF-Alert, a mobile security firm in the Netherlands. In conjunction with this transaction, SK Telecom has decided to acquire a 20 percent stake in SF-Alert.
Under this contract, SK Telecom will be managing the technology, providing the server and software-combined ’i-Kids’ solution as well as ’i-Kids’ handsets customized for GSM operators in SF-Alert. At the same time, SF-Alert will take charge of marketing and sales of SK Telecom’s ’i-Kids’-solution-based children’s safety service and ’i-Kids’ handsets, to major European mobile communications operators, distributors, and home shopping companies such as KPN, MCC, and Wehcamp.
SK Telecom will be realizing 20% of SF-Alert’s net profit, which will amount to at least KRW 40 billion over the next 5 years.
’i-Kids’ is a children safety service that lets parents identify their children’s current location and traveling routes by using GPS technology via their cellular phone or computer. Nexmore has managed to develop this service application, and Bellwave was in charge of developing the ’i-Kids’ handset (BGL-100).
SK Telecom’s 3G Reality Center in Seoul is currently in the final stages of developing the GSM-based ’i-Kids’ handset, and plans to supply 200,000 of these handsets to the European market through SF-Alert, during this year.
The company will start offering the GSM-based ’i-Kids’ service in the Netherlands, by June of 2005, and intends to expand its service area to 3 European countries, including France and Germany, by the end of this year. SK Telecom will work toward ultimately providing the service in 21 countries in Europe.
In addition, SK Telecom plans to diversify the range of the service by applying ’i-Kids’ service’s mobile security functions to location inquiry, and robbery prevention, of high-priced vehicles such as small vessels, automobiles, and motorcycles.
Myung Sung Lee, executive vice-president and head of SK Telecom’s Strategic Technology Group commented, "Our successful advancement into Europe signifies that SK Telecom’s mobile telecommunications technology is being acknowledged in the European market". He added, "Based on its technological competitive edge, SK Telecom will continue to search for ways to offer a variety of products and services in the European market".