LG Uplus announced on Thursday that it successfully acquired export deals to provide its fifth-generation (5G) virtual reality (VR) content and technological expertise to telecom companies abroad. The company aims to expand its business ventures by providing 5G VR and multi-view tech to Chunghwa Telecom Co., Taiwan’s largest telecom company.
Earlier this year, LG Uplus exported its 5G content to Japan’s KDDI and Hongkong Telecom, and last year to China Telecom. The latest deal would be the fourth time the company shipped its 5G content to an overseas firm, raising the total sales to about 12 billion won ($10 million)
Since April, LG Uplus has heavily capitalized on creating content that could operate on networks 100 times faster than 4G network and with low latency.
Currently, the company has acquired more than 1,500 VR content items available in 3D 4K ultra-high-definition resolution running on 5G. These include contents such as comics, games, sports, and K-pop.
Under the deal, LG’s affiliate would deliver around 180 VR items that consist mainly of K-pop performances.
The National Communications Commission of Taiwan (NCC) said that Chunghwa Telecom is the first telecommunications company to secure a license in Taiwan to operate a 5G network. The Taiwanese firm plans to launch its service by next month.
5G Entertainment Field
In a statement, LG said that the deal with Chunghwa Telecom came after the latter expressed its interest in 5G content and service. For the past months, the two companies chose the most excellent materials for Taiwanese consumers via virtual meetings and electronic emails.
Ching Ming-shih, Chunghwa Telecom business president, said that the partnership would aid Taiwan to get on board with the 5G entertainment field industry.
Choi Yoon-ho, LG Uplus’ head of AR and VR services, stated that the company believes that it would achieve more 5G content supply deals overseas this year. Thirty or more overseas telecoms have visited LG Uplus and expressed their interest in the company’s 5G network-based content. He added that the company would pioneer its move to export its 5G content abroad by improving its 5G network-related facilities.