SK Telecom Sells 37% of SK Horizon to KKR and IMM Consortium for ~KRW 3.08 Trillion
SKM has more than doubled off its 52-week low of $19.66.
Summary
SK Telecom approved selling a 37% stake in its SK Horizon data center subsidiary to KKR and IMM Consortium for ~KRW 3.08 trillion (~US$2.3B), retaining 51% control.
Key Events · M&A and Partnerships · SKM
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SK Horizon Stake Sale to KKR and IMM Consortium
The board approved disposal of 24,481,427 SK Horizon shares for KRW 1,881,128,369,253 (~US$1.4B) to KKR and IMM Consortium, reducing SK Telecom's stake from 100% to 63.03%.
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Primary Share Subscription Adds KRW 1.20 Trillion
SK Horizon will issue 15,617,069 new shares to KKR and IMM Consortium for approximately KRW 1.20 trillion (~US$890M), bringing the aggregate transaction value to ~KRW 3.08 trillion (~US$2.3B).
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Post-Transaction Ownership Structure
Upon completion, SK Telecom, KKR, and IMM Consortium are expected to hold 51%, 29%, and 20% of SK Horizon respectively, with SK Telecom retaining control.
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Funding for Growth Businesses
Proceeds will secure investment funding for growth businesses, including SK Horizon's data center and subsea cable operations.
Analysis · SKM · Technology
The board has approved a transaction that materially reshapes SK Telecom's AI infrastructure strategy. It involves selling 24.48 million SK Horizon shares to KKR and IMM Consortium for KRW 1.88 trillion, alongside a KRW 1.20 trillion primary share subscription by the same investors. The combined KRW 3.08 trillion (~US$2.3 billion) deal values the data center and subsea cable subsidiary at a significant scale. Post-transaction, SK Telecom retains 51% control while KKR and IMM Consortium hold 29% and 20% respectively. This follows the July 10 clarification that SK Telecom was reviewing strategic options for its AI data center business after KKR interest was reported, and the July 23 announcement of the separate SK Hyper subsidiary. The deal provides substantial investment funding for growth businesses while bringing in experienced infrastructure investors.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SKM was trading at $39.64 on NYSE in the Technology sector, with a market capitalization of approximately $15B. The 52-week trading range was $19.66 to $47.18. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.