DT, SK Telecom Invest in Each Other’s 5G-Focused Pet Projects

German telecom giant Deutsche Telekom (DT) and South Korea’s SK Telecom are exchanging funds to help bolster each other’s 5G deployment plans. Those plans are focused on edge computing and quantum cryptography communication technology. The agreement calls for SK Telecom to invest an unspecified amount into DT’s MobiledgeX subsidiary. DT, in turn, will invest the same unknown amount into Swiss-based ID Quantique, which is an SK Telecom strategic partner. The agreement builds on a deal between the two operators announced at the Mobile World Congress event in 2016. That deal was focused on collaboration in IoT and related research and development. DT formed MobiledgeX earlier this year to provide a platform for developers to work on low-latency applications. It’s run as an independent company to attract other operators to participate, and it’s located in Menlo Park, California. MobiledgeX software was recently used in the creation of the Edge Application Developer Project. That project is housed within the Telecom Infra Project (TIP) and includes support from Intel and DT.