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General

SK Telecom to split into two companies

Thursday 15 April 2021 | 07:38 CET | News
South Korea's SK Telecom plans to split into two companies. The horizontal spin-off is aimed at increasing enterprise and shareholder value, the operator said. The plan will leave the surviving company focused on its telecom business (tentatively named 'AI & Digital Infra Company') and the spin-off company taking over the memory business and new ventures (tentatively named 'ICT Investment Company'). 

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Categories: General
Companies: SK Broadband / SK Hynix / SK Telecom
Countries: Korea, Republic of / World
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