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SEOUL - South Korean telecommunications provider KT (NYSE:KT) has partnered with Bango PLC (AIM:BGO) to deliver subscription services to its 13.5 million customers using Bango’s Digital Vending Machine (DVM) platform, according to a press release statement issued Thursday.
The agreement will enable KT to integrate various third-party services into its subscription hub and customer bundle offerings, with a focus on AI, language and translation subscriptions. This marks Bango’s first major DVM agreement in Korea as the company seeks to expand in the East Asian telecommunications market.
KT, which has been developing AI solutions across telecommunications and other sectors in South Korea, will use the platform to give customers access to AI services focused on productivity, creativity, and learning.
Through a single integration with Bango’s DVM, KT will gain access to a catalog of subscription services that can be deployed to customers while providing the telecom company with data to personalize offerings.
"This collaboration will be a turning point for KT’s subscription platform to expand as a global subscription service hub," said Younggeol Kim, Head of KT’s Service Product Division, in the statement.
Paul Larbey, CEO of Bango, noted that the partnership would allow KT to "move faster, launch smarter, and deliver the high-demand subscriptions people are asking for, from SVOD to AI."
The announcement comes as subscription-based digital services continue to grow globally, with telecommunications companies increasingly looking to diversify their offerings beyond traditional voice and data services.
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