SK Telecom is spinning SK Broadband’s data center and submarine cable businesses into SK Horizon and has secured about 3.08 trillion won in equity from KKR and an IMM Investment–Stonebridge consortium, retaining a 51% controlling stake with KKR at 29% and the consortium at 20%. SK Horizon will run eight operating sites plus facilities under construction totaling 318 megawatts and expand related submarine cables, while surviving SK Broadband keeps wireline, media and enterprise services. Samsung Securities maintained a Buy rating and 111,500-won target, arguing the split lifts mid- to long-term value by pairing majority control and large cash inflows with external funding for infrastructure. The firm framed a dual-track setup in which SK Telecom steers group AI strategy and big-tech ties, SK Horizon optimizes existing megawatt capacity toward a previously stated 318 MW and 1 trillion won annual sales goal by 2030, and SK Hyper pursues longer-dated gigawatt-scale projects. Closing remains eyed for early 2027 pending approvals, within SK Group’s broader multi-gigawatt AI infrastructure roadmap.