- Business
- SK Telecom Co., Ltd. (NYSE: SKM; LSE: SKMD) is South Korea's largest wireless telecommunications carrier and a leading provider of AI-driven digital infrastructure services. Founded in 1984 and headquartered at SK T Tower, 65 Eulji-ro, Jung-gu, Seoul, the company operates primarily through three segments: Cellular Services, offering wireless voice and data transmission including 5G and LTE networks, Internet of Things solutions, cloud platforms, smart factory solutions, subscription services, advertising and curated shopping under the T Deal brand, metaverse platforms, and wireless device sales; Fixed-Line Telecommunications Services, providing fixed-line telephone, broadband Internet, media platforms such as Internet Protocol TV and cable TV, and business communications; and Other Businesses, encompassing T-commerce, portal services under the Nate brand, call center management, base station maintenance, international telecommunications, and mobile virtual network operations. It serves individual consumers, enterprises, and government clients primarily in South Korea, with international presence in the United States, Vietnam, China, and the Philippines through subsidiaries including SK Broadband, SK Telink, and SK STOA. Recent developments include a strategic partnership with Schneider Electric announced in 2025 for mechanical, electrical, and plumbing equipment to support the construction of the SK Artificial Intelligence Data Center (AIDC) in Ulsan, with plans to expand it to gigawatt-scale capacity; a collaboration with Japan's TimeTree in September 2025 to advance AI agent markets across Korea and Japan; a partnership with IonQ for quantum networking capabilities following IonQ's acquisition of ID Quantique; and efforts to attract external investment for its AI infrastructure "Super Highway" project amid a strategic pivot toward AI and data center expansions.