PANews|Aug 29, 2026 10:24
[SK Telecom Spins Off AI Data Center Business and Establishes New Entity 'SK Horizon,' Plans to Introduce $2.2 Billion in External Funding]
According to Yonhap News Agency, South Korea's largest mobile communication operator SK Telecom announced that it will spin off its artificial intelligence data center (AIDC) business into a new independent legal entity named 'SK Horizon.' The company plans to introduce a total of 3.08 trillion Korean won (approximately $2.2 billion) in external funding. The spin-off transaction is expected to be completed by February 1, 2027, with global private equity firms such as KKR, IMM Investment, and Stonebridge Capital consortium likely to participate in the investment.
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