SK Telecom plans SK Horizon spinoff to scale AI data center capacity to 318 MW

Reuters2026/08/27 10:03

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SK Telecom will spin off SK Broadband’s data center and submarine cable units into SK Horizon to scale AI data center infrastructure.
KKR, IMM Investment-Stonebridge consortium to invest a combined KRW 3.08 trillion to fund expansion; post-investment stakes 29%, 20%.
SK Telecom to retain 51% and management control; SK Horizon to run operations, expand capacity to 318 MW across existing sites and builds.
SK Hyper to develop new projects targeting 5 GW phased openings in 2029, scaling to 15 GW by 2035.
Transaction structure targets completion in Q1 next year, subject to shareholder meeting and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SK Telecom Co. Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608270601PR_NEWS_USPR_____CN35116) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SK Telecom plans SK Horizon spinoff to scale AI data center capacity to 318 MW

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