ChainCatcher report, according to Yonhap News, South Korea’s largest mobile carrier, SK Telecom, has announced the spin-off of its AI data center (AIDC) business into a new independent legal entity, SK Horizon, and plans to raise a total of KRW 3.08 trillion (approximately $2.2 billion) in external funding. The spin-off transaction is expected to be completed on February 1, 2027, with global private equity firms KKR, IMM Investment, and the Stonebridge Capital consortium potentially participating in the investment.
SK Telecom spins off its AI data center unit into SK Horizon, aiming to raise $2.2 billion.
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Summary
SK Telecom announced it will spin off its AI data center unit into SK Horizon, aiming to raise 3.08 trillion KRW ($2.2 billion) in funding. The transaction is scheduled for February 1, 2027, with KKR and the consortium of IMM Investment and Stonebridge Capital as potential investors. The move follows evolving inflation data and increasing interest in AI and crypto news.
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