SK Telecom to Spin Off AI Data Center Unit SK Horizon with KKR and IMM Investment

Corporate Action
โดย Zacks Investment Research·KR·Read original
Summary · why it matters

SK Telecom Co. plans to split its wholly owned subsidiary SK Broadband into two entities, creating a new company, SK Horizon, dedicated primarily to AI data center infrastructure, with financial partners KKR and the IMM Investment-Stonebridge consortium investing a combined KRW 3.08 trillion. After the investment, KKR will hold 29%, the IMM consortium 20%, and SKM will retain a controlling 51% stake. SK Horizon will oversee infrastructure with a total capacity of 318 MW, including eight existing data centers, while SK Broadband continues its fixed-line, media, and enterprise businesses. The move is part of a broader restructuring that includes SK Hyper, established in July, targeting 5 GW of capacity by 2029 and ambitions to expand to 15 GW by 2035. The AI infrastructure market is increasingly competitive, with players like CoreWeave, Microsoft, and hyperscalers pursuing similar opportunities.

Impact on stocks 4

Artificial Intelligence▲ · 2 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
SK Telecom Co Ltd
017670
▲ PositiveCapitalrelevance

SK Telecom restructures by spinning off SK Broadband's AI data center unit into SK Horizon while retaining a controlling 51% stake.

Aging Population▲ · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR invests in the SK Horizon data center spinoff, taking a 29% stake as part of a KRW 3.08 trillion deal.

Theme Impact 2

Off-coverage companies 3

SK HorizonPrivate▲ Positive
Capitalrelevance

SK Horizon is the newly created AI data center company receiving KRW 3.08 trillion from KKR and the IMM consortium, overseeing 318 MW of capacity.

SK BroadbandPrivate± Mixed
Capitalrelevance

SK Broadband is split into two entities, with its AI data center assets carved out into SK Horizon while it keeps fixed-line, media, and enterprise businesses.

SK HyperPrivate▲ Positive
Capitalrelevance

SK Hyper is cited as part of the broader restructuring targeting 5 GW of capacity by 2029 and 15 GW by 2035.

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