Mercury Signs 76.7 Billion KRW Supply Contract for Wi-Fi 6 AP with KT

[Asia Economy Reporter Jang Hyowon] Mercury, a specialized information and communication equipment company, announced on the 13th that it has signed a supply contract with KT for Wi-Fi 6 APs, 'GiGA WiFi home ax' and 'GiGA WiFi Buddy ax AP.'

The total contract amount disclosed this time is 76.7 billion KRW, with the contract period lasting until the end of June next year. The contract includes 54.8 billion KRW for the supply of GiGA WiFi home ax AP products and 21.9 billion KRW for GiGA WiFi Buddy ax AP products, totaling 76.7 billion KRW.

The GiGA WiFi home ax AP contract amount was revised from 34.4 billion KRW, which was disclosed in a change announcement last July, to 54.8 billion KRW due to the exhaustion of contracted quantities and the contract period ending with the telecom company. Similarly, the GiGA WiFi Buddy ax AP contract was also revised from 14.7 billion KRW to 21.9 billion KRW.

Mercury is the only domestic company supplying APs to all three major telecommunications operators. Leveraging its advanced Wi-Fi technology, it has led the domestic Wi-Fi market transition to Wi-Fi 6. Currently, all major telecom companies have switched to Wi-Fi 6, resulting in increased supply volumes.

Additionally, Mercury has launched and sold extender APs applying EasyMesh technology to telecom companies, further proving its technological prowess as a leading Wi-Fi company. With the growing demand for installing two or more high-quality, high-performance APs in households, the increase in supply volume is expected to contribute to performance growth.

This content was produced with the assistance of AI translation services.