SK Telecom (SKM) news

SK Telecom launches AI data center infrastructure company 'SK Horizon' and secures investments from KKK and IMM

SK Telecom launches AI data center infrastructure company ‘SK Horizon’ and secures investments from KKR and IMM

On August 27, SK Telecom announced the creation of SK Horizon, a new entity formed by spinning off its data center and submarine cable businesses from SK Broadband. The company has secured combined equity investment of 3.08 trillion won (US$2.23 billion) from KKR and the IMM Investment-Stonebridge…

SK Telecom: SK Horizon to issue new shares worth 1.2 trln won to KKR-Imm consortium

SK Telecom, a subsidiary of South Korea’s SK Group, is set to issue new shares worth 1.2 trillion won to a consortium led by KKR and IMM Investment. The move is part of a broader strategy to raise capital and support the development of the Ulsan AI data center, a key infrastructure project for the…

SK Telecom: SK broadband to spin off data center and other businesses and create "SK Horizon"

SK Broadband, a subsidiary of SK Telecom (NYSE: SKM), is reportedly preparing to spin off its data center and related businesses to establish a new entity called "SK Horizon." This strategic move aligns with SK Telecom's broader initiative to expand its AI infrastructure capabilities and solidify…

SK Telecom: To sell 1.9 trln won worth of shares in SK Horizon

SK Telecom has announced plans to sell 1.9 trillion won worth of shares in SK Horizon, a move that aligns with its broader strategy to streamline operations and enhance shareholder returns. The company has been actively pursuing initiatives to optimize its portfolio, including the horizontal…