SK Telecom launches new AI DC infrastructure focused company, split from SK Broadband
SK Horizon launches with $2.2 billion in investment from KKR and IMM
SK Horizon launches with $2.2 billion in investment from KKR and IMM
APAC operator attracting attention as Bain looks to sell stake
Minority stake could go for around $1.3bn
All amidst a weak third quarter
IT subsidiary will also change its name
A strong showing despite a recent data breach
Company also announced FY2024 results and appointment of new CEO
Well funded business plan to combine forces
Companies to work together on AI and HPC infrastructure
Wants South Korea to become market leader in AI chip space
Brings company’s valuation to $1.5bn
Will share the large language model with the Global Telco AI Alliance