SK Telecom's strategy is to diversify away from telecoms into a platform business.
With continued strength in the semiconductor memory market and SK Hynix’s share price, SKT’s 20.6% stake in SK Hynix at the current share price now represents 51% of its enterprise value. An investment in SKT is now equally an investment in a memory semiconductor business and a traditional telecommunications business. Operating profit in the core telecom business for the third quarter was down 11.8% as the business continued to tilt back toward a handset subscriber and revenue growth bias, with ...
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