At a meeting dubbed the KT-NTT Venture Forum on July 1, leading Korean telecom operator KT and Japanese telecom operator NTT confirmed that they have signed a memorandum of understanding, whereby both parties plan to jointly develop new business models by sharing their proprietary next-generation broadband communications technologies, The Digital Daily of Korea reported. Through the forum, both companies intend to invite more regional partners to participate in the exploration of new business opportunities in the already saturated telecommunications market.