Uber to invest over $150 mln in partnership with S.Korea SK Telecom's mobility business

SK Telecom Co

15/10/2020 23:51

SEOUL, Oct 16 (Reuters) - Uber Technologies  UBER.N  said on
Friday that it will invest over $150 million into a joint
venture and partnership with South Korea's SK Telecom Co Ltd
 017670.KS . 
    The companies said in a joint statement that SK Telecom 
plans to split off its mobility business unit and launch T Map
Mobility, Uber commits over $100 million in a joint venture with
T Map Mobility, and Uber will also invest around $50 million in
T Map Mobility. 

 (Reporting by Joyce Lee; Editing by Sandra Maler)
 ((jungyoon.lee@tr.com; +82 2 6936 1467;))