Uber to invest over $150 million in partnership with South Korea SK Telecom’s mobility business

In this news, we discuss the Uber to invest over $150 million in partnership with South Korea SK Telecom’s mobility business.

SEOUL (Reuters) – Uber Technologies said on Friday it would invest more than $ 150 million in a joint venture and partnership with South Korean firm SK Telecom Co Ltd.

The companies said in a joint statement that SK Telecom plans to split its mobility business unit and launch T Map Mobility, Uber commits more than $ 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

Original © Thomson Reuters Corporation

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