Sistema and KT Corporation have agreed on cooperation

Moscow, Russia – 14 December 2021 – Sistema PJSFC (hereinafter, "Sistema") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, and KT Corporation, the largest digital services provider in South Korea, have signed an agreement on cooperation in the area of healthcare and high technologies. 

The parties will work together to establish innovative medical centres specialising in clinical diagnostics and medical check-ups in Russia.  As part of the agreement, Sistema Group and KT Corporation will join forces to develop Internet Data Center in Russia. 

“Sistema Group has a vast track record in healthcare and high technologies. This agreement will open up a broad range of opportunities for combining the unique experience and advanced technologies of the partners from Korea with the competences and knowledge of the local market of Sistema Group of companies. We are confident that this cooperation will make a significant contribution to the development of preventive healthcare and digital infrastructure in Russia," said Vladimir Evtushenkov, the Chairman of Sistema's Board of Directors. 

"Through this MoU, we are expecting a synergy between the two entities through the mixture of Sistema's experience in investing and operating in various industries and KT’s state-of-the-art healthcare ICT and IDC technology. Through establishing health checkup center and IDC in Russia, KT is hoping to contribute to the economic development of Russia and improve the quality of life for the Russian citizens,” said Mr. Ku Hyeonmo, CEO of KT Corporation.

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KT Corporation, Korea’s largest telecommunications service provider, reestablished in 1981 under the Telecommunications Business Act, is leading the era of innovations in the world’s most connected country. The company is leading the 4th industrial revolution with high speed wire/wireless network and new ICT technology. KT launched the world’s first nationwide commercial 5G network on April 3, 2019, after successfully showcasing the world’s first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. KT is currently promoting its global business through the catchphrase DIGICO KT, meant to take the lead in Digital Transformation.  

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