SK Telecom Co., Ltd. (017670) is separating datacenter operations into SK Horizon through a split of SK Broadband. Yonhap reported Sunday that the company announced the restructuring on August 27 alongside external investment.
KKR and an IMM Investment consortium will hold 29% and 20% of SK Horizon after completing their investment. SK Telecom Co., Ltd. will retain 51%, while the new business handles datacenters and submarine cable operations.
The transaction includes ₩1.2 trillion of newly issued shares for infrastructure expansion. The company's market capitalisation was ₩19.9 trillion at Friday's close.
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| Symbol | Last Price |
|---|---|
| 017670SK Telecom Co., Ltd. | ₩92,500 +3.9% |