Investments
41Portfolio Exits
11Partners & Customers
10About SK Telecom
SK Telecom (KRX: 017670) (NYSE: SKM), part of SK Group, is a South Korea-based mobile telecommunications operator. In addition to its mobile network services, the company also provides IoT, media, home and platform services.
SK Telecom Headquarter Location
SK T-Tower 65, Eulji-ro, Jung-gu
Seoul, 04539,
South Korea
+82 (0)2 6100 2114
SK Telecom Web Traffic
SK Telecom Rank
Latest SK Telecom News
Jun 20, 2022
SK telecom: Appealing Dividend Stock With Close to 7% Yield Share SK telecom: Appealing Dividend Stock With Close to 7% Yield By Kim Joon-sop Maintain BUY, target price of KRW75,000 We maintain BUY and TP of KRW75,000 for SKT. Our investment points include (1) a strengthened dividend policy, (2) profitability improvement on moderating marketing competition for Mobile and (3) expectations of high B2B growth. 2022E: DPS of KRW3,500, dividend yield of 6.9% Given 2022E DPS KRW3,500, we estimate the dividend yield reaching 6.9% (or 7.8% with 2022E DPS KRW4,000). We forecast an increase in dividend yield because of a decline in stock price, yet the level of dividend yield is still significant because there were only 10 companies among listed domestic firms in 2021 that generated a dividend yield of over 6.9%. We estimate 2022 DPS KRW3,500 given the company’s dividend policy of paying out 30-40% of EBITDA minus capex; for 1Q22, the company paid out KRW830 per share. Profitability to improve with decline in marketing costs Cash-based marketing costs are clearly trending downward across Telecom. With flagship handset prices having increased significantly, telcos have found little reason to engage in marketing competition. Also, compared to its competitors, SKT completed the booking of hefty subsidies that were offered in the initial phase of 5G services (2Q-3Q19) more quickly; we note that the subsidies were booked according to customer lifespan, with that of SKT at 26 months, which is longer than that of its competitors (KT/LG Uplus at 21 months/24 months). Thus, SKT should see greater profitability improvement than its rivals. Supply-demand issue regarding foreign investors should gradually recede SKT’s relatively high foreign ownership is weighing on the stock price (50% limit for telcos). The supply-demand issue involving foreign investors should gradually recede, however, given SKT’s generous dividend yield compared to that of global telcos as well as decline in foreign ownership (48.78% on May 20→47.8%). POPULAR
SK Telecom Investments
41 Investments
SK Telecom has made 41 investments. Their latest investment was in HAEGIN as part of their Series B - II on May 5, 2022.
SK Telecom Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/9/2022 | Series B - II | HAEGIN | $39.19M | Yes | 3 | |
4/13/2022 | Corporate Minority | Morph Interactive | Yes | 4 | ||
3/3/2022 | Corporate Minority | CMES | $7.84M | Yes | 3 | |
8/30/2021 | Corporate Minority | |||||
6/14/2021 | Corporate Minority |
Date | 5/9/2022 | 4/13/2022 | 3/3/2022 | 8/30/2021 | 6/14/2021 |
|---|---|---|---|---|---|
Round | Series B - II | Corporate Minority | Corporate Minority | Corporate Minority | Corporate Minority |
Company | HAEGIN | Morph Interactive | CMES | ||
Amount | $39.19M | $7.84M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 4 | 3 |
SK Telecom Portfolio Exits
11 Portfolio Exits
SK Telecom has 11 portfolio exits. Their latest portfolio exit was Storms on February 08, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
2/8/2022 | Corporate Majority | 6 | |||
11/1/2021 | Spinoff / Spinout | SK Square | 1 | ||
10/15/2020 | Spinoff / Spinout | 1 | |||
Date | 2/8/2022 | 11/1/2021 | 10/15/2020 | ||
|---|---|---|---|---|---|
Exit | Corporate Majority | Spinoff / Spinout | Spinoff / Spinout | ||
Companies | SK Square | ||||
Valuation | |||||
Acquirer | |||||
Sources | 6 | 1 | 1 |
SK Telecom Acquisitions
10 Acquisitions
SK Telecom acquired 10 companies. Their latest acquisition was T1 Entertainment on October 01, 2019.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
10/1/2019 | Other | Corporate Majority | 1 | |||
8/22/2019 | Corporate Majority | 3 | ||||
5/8/2018 | Acquired | 5 | ||||
2/26/2018 | Other Venture Capital | |||||
3/1/2016 | Other Venture Capital |
Date | 10/1/2019 | 8/22/2019 | 5/8/2018 | 2/26/2018 | 3/1/2016 |
|---|---|---|---|---|---|
Investment Stage | Other | Other Venture Capital | Other Venture Capital | ||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Corporate Majority | Corporate Majority | Acquired | ||
Sources | 1 | 3 | 5 |
SK Telecom Partners & Customers
10 Partners and customers
SK Telecom has 10 strategic partners and customers. SK Telecom recently partnered with Deutsche Telekom on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/9/2022 | Partner | Germany | SK Telecom, Deutsche Telekom forge metaverse alliance In January 2021 , SK Telecom and Deutsche Telekom Capital Partners founded a 50:50 joint venture Techmaker dedicated to 5G indoor wireless technology . | 3 | |
5/8/2022 | Partner | Germany | SK Telecom, Deutsche Telekom forge metaverse alliance As part of the long-term plan , SK Telecom said the company and Deutsche Telekom Capital Partners are considering establishing a joint venture in Germany , in order to find more European telecommunication partners . | 1 | |
4/18/2022 | Licensee | France | SK Telecom’s digital remastering technology Supernova going global `` Through this partnership , we hope to introduce Supernova 's competitiveness around the world , '' said Kim Hyuk , SK Telecom 's global media support lead . | 2 | |
4/13/2022 | Client | ||||
2/6/2022 | Partner |
Date | 5/9/2022 | 5/8/2022 | 4/18/2022 | 4/13/2022 | 2/6/2022 |
|---|---|---|---|---|---|
Type | Partner | Partner | Licensee | Client | Partner |
Business Partner | |||||
Country | Germany | Germany | France | ||
News Snippet | SK Telecom, Deutsche Telekom forge metaverse alliance In January 2021 , SK Telecom and Deutsche Telekom Capital Partners founded a 50:50 joint venture Techmaker dedicated to 5G indoor wireless technology . | SK Telecom, Deutsche Telekom forge metaverse alliance As part of the long-term plan , SK Telecom said the company and Deutsche Telekom Capital Partners are considering establishing a joint venture in Germany , in order to find more European telecommunication partners . | SK Telecom’s digital remastering technology Supernova going global `` Through this partnership , we hope to introduce Supernova 's competitiveness around the world , '' said Kim Hyuk , SK Telecom 's global media support lead . | ||
Sources | 3 | 1 | 2 |
SK Telecom Team
2 Team Members
SK Telecom has 2 team members, including current Chief Executive Officer, President, Shin Bae Kim.
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