IDIS acquires controlling stake in KT Powertel

Feb. 1, 2021
Move to strengthen company's offerings in the security and safety sectors

South Korean video surveillance manufacturer IDIS announced on Monday that it has acquired a controlling stake (44.84%) in KT Powertel, the radio communications subsidiary of telecom giant KT Corp.

In a statement, IDIS said the move will strengthen its offerings in the security and safety sectors as customers will benefit from KT Powertel’s push-to-talk over cellular (PoC) communications solutions as well as from their emerging generation of advanced safety and security systems. Additionally, the acquisition will enable IDIS to capitalize on the firm’s expertise in developing LTE broadband wireless technologies both in the domestic South Korean market and globally.

“In Korea’s highly competitive and advanced home market, KT Powertel has been a mobile communications leader for over 35 years, with more subscribers nationally than any other provider, delivering consistently strong sales and profits,” IDIS Chief Executive Officer Y.D. Kim said in a statement.  

KT Powertel developed one the world’s first blind spot-free LTE radio services, Power Talk, and PoC communications solutions. PoC radios support functions such as instant group calling, messaging, GPS location tracking, and emergency notifications. IDIS said this, combined with LTE cellular networks, will provide the bandwidth necessary for advanced video and data applications.

IDIS also expects the acquisition will bolster its position in several key markets including, critical infrastructure applications, and both the government and commercial sectors.

“As we look forward, video solutions will need to be increasingly convenient for customers to use on the move, and they’ll need to be more flexible to install and extend with IoT and wireless technology. In all these specialisms, IDIS’s acquisition of KT Powertel will extend its expertise as it develops leading-edge solutions to increase security and safety in a range of applications,” added Kim.  

Sponsored Recommendations

Knightscope receives two more K5 expansion contracts for casinos

These two new ASRs bring the total robots under contract to 5, which include deployments in Las Vegas, Nevada; Council Bluffs, Iowa; and Aurora, Illinois.

ISACA adds new credentialing pathway as part of its new CMMI model upgrade

Successfully completing this course also opens the gateway to advanced CMMI training, equipping professionals with the prerequisites required for more specialized courses in the...

Barrier1 features expanded portfolio of crash rated, storefront safety bollards at NACS 2023

On display and available for demonstration at Barrier1 booth# B5205 is the Tomcat S10 Storefront Bollard, a crash-rated bollard designed to stop a 5,000lb vehicle traveling at...

Ransomware attack disrupts Johnson Control’s internal IT infrastructure, apps

JCI said after detecting the issue it began probing the incident with help from external cybersecurity experts, adding the company is “also coordinating with its insurers.”