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SK Telecom plans IPOs for five affiliates

2020-02-10 10:37:00| Telecompaper Headlines

(Telecompaper) South Korean operator SK Telecom has announced plans to list its five affiliates ADP Caps, SK Broadband, One Store, 11 Street and Wave. The move is designed to improve SK Telecom's valuation, The Korea Times reports, citing SK Telecom CFO Yoon Poong-young. "Plans for initial public offerings (IPOs) of our five affiliates including fixed-line operator SK Broadband, online commerce operator 11 Street and security operator ADT Caps are being reviewed," the company executive said.

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