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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  SK Telecom Co Ltd    A017670   KR7017670001

SK TELECOM CO LTD

(A017670)
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SK Telecom : SKT, Deutsche Telecom To Set Up 5G Joint Venture

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06/26/2019 | 10:56am EDT

SK Telecom Co., South Korea's leading mobile phone operator, said Tuesday that it has joined hands with Deutsche Telekom AG to set up a joint venture that will focus on developing core 5G technologies.

The telecom leaders of South Korea and Germany signed a memorandum of understanding early this week in Seoul to discuss strategies and share their knowhow in 5G technology, according to SK Telecom.

The joint venture will delve into developing technologies that are essential for the full realization of 5G, as well as related technology such as augmented reality (AR) and virtual reality (VR).

The South Korean tech firm also said it will invest US$30 million into a fund operated by the German telecom giant's investment arm, Deutsche Telekom Capital Partners (DTCP).

DTCP will support startups by providing venture investments and advisory services after opening its Asian office in Seoul, according to company officials.

DTCP, set up in 2015, is an investment firm with $350 million under its management.

(c) All rights are reserved for National Iraqi News Agency / NINA 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -0.05% 15.412 Delayed Quote.4.08%
SK TELECOM CO LTD End-of-day quote.
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Financials (KRW)
Sales 2019 17 829 B
EBIT 2019 1 295 B
Net income 2019 1 214 B
Debt 2019 7 991 B
Yield 2019 4,15%
P/E ratio 2019 16,2x
P/E ratio 2020 11,4x
EV / Sales2019 972x
EV / Sales2020 936x
Capitalization 17 321 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 320 230,77  KRW
Last Close Price 241 000,00  KRW
Spread / Highest target 49,4%
Spread / Average Target 32,9%
Spread / Lowest Target 0,41%
EPS Revisions
Managers
NameTitle
Jung-Ho Park President, Chief Executive Officer & Director
Dae-Sik Cho Non-Executive Director
Jae-Hoon Lee Independent Director
Yong-Hwan Lee Executive Board Member
Dae-Duk Jung Head-Taxes
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