SK Telecom unit SK Broadband spins off data center, subsea cable businesses into SK Horizon

Reuters2026/08/27 10:13

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SK Telecom unit SK Broadband to spin off its data center, CDN, subsea cable international leased line businesses into a new unlisted company.
Spin-off effective Feb. 1, 2027; shareholder vote scheduled for Jan. 15, 2027; record date for share allocation set for Jan. 29, 2027.
New entity tentatively named SK Horizon; shareholders to receive new shares pro rata; both companies to remain unlisted.
Net asset split implies 16.49% to the spin-off company; 83.51% to the remaining SK Broadband operations.
Spin-off business revenue KRW 347.73 billion in 2025; pro forma spin-off equity KRW 475.82 billion as of March 31, 2026.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-369455), 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 unit SK Broadband spins off data center, subsea cable businesses into SK Horizon

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