StocksMedium•5 October 2026•
1 min read
SK Telecom Sells 49% Horizon Stake for ₩3.1T to Fuel AI Data Center Expansion
Key Facts
1SK Telecom sold a 49% stake in its Horizon unit for ₩3.1T, unlocking value equal to 27% of its market cap.
2The company's SK Hyper unit targets 5GW of AI Data Center capacity by 2029.
SK Telecom sold a 49% stake in its Horizon unit for ₩3.1 trillion. Seeking Alpha reported that the transaction unlocks value equivalent to 27% of the company's market capitalization as part of its strategic pivot toward becoming an AI infrastructure provider.
The company's SK Hyper unit is targeting 5GW of AI data center capacity by 2029 to leverage growing demand through a pre-leasing growth model. This expansion follows a period of softening sentiment in the broader South Korean corporate sector, where the Business Confidence index reached 79 on September 28, 2026.