SK Telecom spins out AI data-center unit SK Horizon with $2.2B from KKR and Korean investors
SK Telecom is spinning out its data-center and submarine-cable assets into a new AI data-center company called SK Horizon, backed by $2.2 billion from KKR and a consortium of South Korean firms. SK Telecom will retain 51% ownership, with KKR holding 29% and IMM 20%.
Detected & updated continuously · Source: Nebula
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@StockMKTNewz
SK TELECOM TO CREATE AI DATA-CENTER COMPANY $KKR and a consortium of South Korean firms are investing $2.2 billion in an AI data-center company being created by telecommunications firm SK Telecom through a spinoff - WSJ https://t.co/s4FDjhdjjH
@blckchaindaily
🚨 SK TELECOM LAUNCHES AI DATA CENTER INFRASTRUCTURE UNIT SK HORIZON, SECURES INVESTMENTS FROM KKR AND IMM - PRESS RELEASE
@Sam_Badawi
SK Telecom is spinning out its data-center and submarine-cable assets into a new company called SK Horizon, backed by $2.2B from $KKR and Korean investors. SK Telecom will retain 51%, while KKR gets 29% and IMM 20%. The move is part of Korea’s broader push to rapidly expand https://t.co/8ePjrKZIXn