Singtel, AIS and SK Telecom invest in new regional gaming venture

Singtel has teamed up with its Thai associate AIS and South Korea's SK Telecom to invest in a new gaming venture for Asia. The new venture will be launched later this year, said Singtel in a media release today. The three companies will have equal shares in the joint venture, according to a report yesterday by Yonhap News Agency. The amount of their investment was not disclosed. Singtel said the Series A investment in the joint venture will reinforce the companies' presence in the sector and develop new gaming-related revenue streams. The joint venture will tie up with leading international game developers and leverage the partners' Korean and South-east Asian gaming and entertainment content offering. Its gaming platform services may include broadcasting e-sports competitions using virtual reality technology and making video content of professional e-sports players, according to the Yonhap report.