SK Telecom denies plans to sell 11Street stake to Amazon

Monday 7 June 2021 | 10:20 CET | News
South Korean operator SK Telecom has denied recent media reports that it plans to sell a stake in its e-commerce unit 11Street to US retail giant Amazon, writes Yonhap news agency. Local media had earlier reported that Amazon will exercise its right to acquire a 30 percent stake in 11Street, and that the US retailer could acquire up to a 50 percent stake in the South Korean e-commerce company.

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Categories: Internet
Companies: Amazon / SK Telecom
Countries: Korea, Republic of
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