China Mobile and DT Establish Connected Car JV

China Mobile and Deutsche Telekom will establish a joint venture in China in which each partner holds a 50-percent stake.

China Mobile will contribute its LTE mobile network resources along with various channel resources and strong integration capabilities.  Deutsche Telekom to provide telematics expertise, the Connected Car platform technology and customer insights.

According to China Mobile, establishing Connected Car with Deutsche Telekom to take full advantage of China Mobile's domestic advantages in network, customer and service resources. Deutsche Telekom's Connected Car platform and operation experience as well as European branded vendors' operation practice can further extend the capacity for providing Connected Car and telematics services to the market and create a new development opportunity.

Reinhard Clemens, Board Member of Deutsche Telekom, says: "Connected Car is a strategic initiative within Deutsche Telekom Group, while China is of strategic importance for our Connected Car business. The partnership with China Mobile is therefore strategically of utmost importance to Deutsche Telekom."

The agreement was signed during the state visit of Chinese prime minister Li Keqiang in Berlin last week.

http://www.telekom.com/media/company/253196