- SK Telecom recently made a decision to cancel or retire 8.7 million treasury shares, which is a validation of the company's commitment to enhancing shareholder value.
- The company is also proposing a horizontal spin-off to separate its telecommunications and non-telecommunications businesses that is planned to be completed in November 2021.
- SK Telecom's 1Q 2021 operating profit was above market expectations and there are a number of positive takeaways from its first-quarter financial performance.
- SK Telecom currently trades at 4.9 times consensus forward FY 2021 EV/EBITDA, and it boasts a FY 2021 dividend yield of 3.3%.
For further details see:
SK Telecom: Multiple Tailwinds