Elevator Pitch
I maintain a Bullish rating on Korean telecommunications service provider SK Telecom Co., Ltd. (NYSE:SKM) [017670:KS].
SK Telecom provided updates on the IPO plans for its non-mobile businesses at its 2Q 2020 earnings call, indicating that security solutions company ADT Caps and integrated app market One store could be the first non-mobile business to be spun off as separate, listed entities soon. The company also guided that other key non-mobile businesses such as wavve, SK Broadband, and 11st will be the next in line for IPOs. Also, there is upside to