SK Telecom Launches AI Data Center Infrastructure Company 'SK Horizon' and Secures Investments from KKR and IMM
PR Newswire
SEOUL, South Korea, Aug. 27, 2026
- SK Telecom further restructures its AI infrastructure business to enhance expertise, accelerate decision-making, and enable focused investment① Plans to establish a new company 'SK Horizon' by spinning off SK Broadband's data center and submarine cable businesses② KKR and the IMM Investment-Stonebridge consortium will each invest in SK Horizon, with their investments totaling KRW 3.08 trillion, providing funding for large-scale expansion.- SK Telecom to oversee the AI data center business, SK Horizon to handle operations and expansion, and SK Hyper to develop GW-scale projects- The surviving company, SK Broadband, to drive AX-based innovation to enhance competitiveness across its businesses, including fixed-line and mediaSEOUL, South Korea, Aug. 27, 2026 /PRNewswire/ -- SK Telecom (NYSE: SKM, hereinafter "SKT") today announced that it will split its wholly owned subsidiary SK Broadband into a surviving company (SK Broadband) and a newly established company (SK Horizon). In connection with the spinoff, SKT has entered into a definitive agreement with funds managed by KKR, a leading global investment firm, and the IMM Investment-Stonebridge consortium (the "IMM consortium") for a combined KRW 3.08 trillion equity investment in SK Horizon.
