Celcom Axiata Berhad announced today that it has entered into an agreement with SK Planet, the leading e-Commerce player in Korea.
Together, they have formed a joint venture company called Celcom Planet; for the purposes of collaborating to explore, seek and pursue e-Commerce business opportunities in Malaysia. Celcom said the collaboration enables the Telco to further participate in the digital industry and build long-term capabilities in the digital space. The agreement was signed at a ceremony in Korea on 31 October 2014.
Celcom Planet is expected to launch an “optimised” e-Commerce platform by the second half of 2015. It aims to be a market leader in Malaysia’s e-Commerce industry which is expected to grow rapidly as shoppers are now looking for competitive prices and a wider variety of products with convenience.
Celcom Axiata Berhad’s Chief Executive Officer, Dato’ Sri Shazalli Ramly said, “Celcom has achieved another major milestone today and it signifies our commitment to enrich our customers’ digital experience. This initiative underlines our expanding digital services portfolio, designed to create a digital ecosystem and to increase revenue streams that will eventually benefit our customers, service providers and content developers, as well as the traditional brick and mortar merchants.
“Celcom is committed in creating and maintaining effective partnerships to support commercialization and to foster a culture of innovation and entrepreneurship. We strongly believe that this latest initiative can spearhead Celcom’s advancement in the digital space as SK Planet, part of Korea’s leading mobile operator (SK Telecom), has successfully ventured into the e-Commerce domain and has a strong background in this field as well as digital content. Leveraging on SK Planet’s platform and operations know-how, coupled with Celcom’s experience and knowledge of the local market, we are confident that this collaboration will be very successful,” Dato’ Sri Shazalli added.
SK Planet, established in October 2011 is a wholly-owned subsidiary of mobile operator, SK Telecom. Currently, SK Planet through its 11st.co.kr – a leading e-Commerce open market in Korea, has served over 30 million consumers with its Gross Merchandise Value of USD5 billion in 2013. It has expanded its e-Commerce platform and services beyond Korea to Turkey and Indonesia.