Finnish telecom equipment maker Nokia and South Korean technology firm NAVER Cloud Corp announced Thursday that they have signed a Memorandum of Understanding (MoU) to bolster the digital transformation in the Southeast Asia (SEA) region.
As part of the MoU, Nokia and NAVER Cloud will work together to scale up the best practices in the region through joint go-to-market initiatives, incubating the start-up businesses on NAVER Cloud Corp. and brand-building programs, the duo said in a statement.
With NAVER Cloud’s advanced Cloud Platform and Nokia’s peerless IP Routing and Data Center Switching network infrastructure, both companies are joining forces to assist telcos in ushering the next generation of digital transformation.
Nokia and NAVER Cloud will together undertake several initiatives like encouraging local telcos to execute sovereign cloud approach, searching and involving local Managed Service Providers (MSPs) in the SEA region, and developing a partner benefit program to accelerate the NAVER Cloud business in Southeast Asia.
Both companies will also work together to develop and accelerate the cloud market in the region.
“We are delighted to partner with global technology leader Nokia to spur on the digital transformation in the SEA region,” said Weongi Park, Chief Executive Officer of APAC Business Development at NAVER Cloud.
“Nokia’s industry-leading solutions and our cloud expertise will together transform the DNA of the various industry verticals in the region, which will allow digital enterprises to scale quickly and cost-effectively,
“This will act as a catalyst for the region’s economic growth,” he added.
Kent Wong, Vice President of IP Business at Nokia Asia Pacific, said as the digital economy continues to become all-pervasive, enterprises and telcos need best-in-class data center infrastructure to provide a superior user experience and ensure extreme availability, reliability and scalability.
“We are thrilled to collaborate with NAVER Cloud to bolster the cloud innovation, which will empower digital businesses to leverage the latest technologies to gain new capabilities to grow their revenue and delight their users,” he added.