SK Telecom and Sinclair Broadcast Group Sign Joint Venture Agreement

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SK Telecom and Sinclair Broadcast Group Sign Joint Venture Agreement

– Establish a joint venture company between Sinclair, one of the largest TV broadcasting companies in the U.S. and SK Telecom, the largest mobile operator in Korea

– Plan to jointly develop broadcasting solutions based on ATSC 3.0 in the U.S. market and globally
– JV to create new services such as personalized advertisement and in-vehicle terrestrial TV broadcasting

Seoul, South Korea and Baltimore, MD, January, 7, 2019 – SK Telecom (NYSE:SKM) and Sinclair Broadcast Group (Nasdaq: SBGI), one of the largest TV broadcasting companies in the U.S., announced today in Las Vegas that the companies signed a joint venture agreement to lead the next-generation broadcasting solutions market in the U.S. and globally. The two companies will jointly fund and manage a joint venture company within the first quarter of this year.

Read more…Press Release SK Telecom JV Agreement_final

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