Investment firm KKR and local Korean funds have jointly invested KRW 3.1 trillion, or about $222 million, in SK Telecom’s data center business, according to a Techub News brief citing Tech in Asia. The deal marks KKR’s latest move in the South Korean market. SK Telecom is the country’s largest mobile carrier, and its data center operation is described as an important infrastructure asset. The new capital will be used to support the unit’s expansion and development. No additional deal terms were disclosed in the brief. The report focuses on the size of the investment, the participating parties, and the intended use of funds for the company’s data center business.
Investment firm KKR, working with local Korean funds, has invested KRW 3.1 trillion, or about $222 million, in SK Telecom’s data center business, according to a Techub News brief citing Tech in Asia.
The transaction is KKR’s latest move in the South Korean market.
SK Telecom is South Korea’s largest mobile carrier, and its data center business is considered an important infrastructure asset. The investment will be used to support the unit’s expansion and development.
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