SK Telecom launches 'SK Horizon,' AI data center specialist…Secures 3.08 trillion won from KKR and IMM
Published2026.08.28 10:11
The split ratio is approximately 0.84 for the continuing company and 0.16 for the newly established company, based on the book value of net assets.
Simultaneously, SKT concluded a definitive agreement for equity investment totaling 3.08 trillion won in the newly established corporation from global investors KKR (Kohlberg Kravis Roberts) and the IMM Investment and Stonebridge Capital consortium (hereinafter IMM consortium).
The company plans to gradually expand submarine cable infrastructure.
SK Broadband CEO Kim Sung-soo will concurrently serve as representative of the newly established company, with final confirmation by the board of directors after completion of the spin-off process.
KKR is a global investment firm managing over 100 billion dollars in infrastructure assets, and this transaction is part of its Asia-Pacific infrastructure investment strategy.
IMM Investment manages over 7.5 billion dollars, and Stonebridge Capital manages approximately 2.5 billion dollars cumulatively, both being domestic alternative asset management firms.
The secured funds will be invested in additional expansion of SK Horizon's AI DCs and infrastructure development.
SK Hyper plans to sequentially expand new AI DCs to 5GW by 2029 and 15GW by 2035.
The continuing company SK Broadband plans to strengthen competitiveness in wired, media, and enterprise businesses through AX (AI Transformation)-based product and service innovation.
Following government authorization procedures and extraordinary shareholder meetings related to the stock-for-stock spin-off, the company targets final spin-off and establishment in the first quarter of next year.
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