HYOSUNG ITX Signs 252.7 Billion KRW Long-Term Colocation Contract with SK Telecom, Securing Revenue Stability
HYOSUNG ITX has signed a long-term colocation service contract with SK Telecom valued at 252.7 billion KRW excluding VAT.
The contract amount represents 48.7% of the company's most recent consolidated revenue and provides a stable revenue base for seven years from 2027 to 2033.
SK Telecom is a leading domestic telecom with high creditworthiness, minimizing counterparty risk.
This contract does not involve any capital raising or shareholder dilution, and is expected to contribute to mid- to long-term profitability.
[AI Summary]HYOSUNG ITX's colocation contract with SK Telecom, nearly half its annual revenue, significantly enhances long-term revenue stability and secures growth momentum through a highly credible partner.