Report of Foreign Issuer (6-k)
April 26 2019 - 2:40PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF APRIL 2019
Commission File Number:
333-04906
SK Telecom Co., Ltd.
(Translation of registrants name into English)
65 Euljiro,
Jung-gu
Seoul 04539, Korea
(Address of principal executive office)
Indicate by
check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by
Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is
submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
Decision on Acquisition of Shares of Tbroad Nowon
On April 26, 2019, SK Telecom Co., Ltd. (the Company) entered into a share purchase agreement (the Agreement)
with Tbroad Co., Ltd., the largest shareholder of Tbroad Nowon Broadcasting Co., Ltd. (Tbroad Nowon), pursuant to which the Company will acquire shares of Tbroad Nowon.
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1. Details of Tbroad Nowon
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Company Name
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Tbroad Nowon Broadcasting Co., Ltd.
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Country of Incorporation
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Republic of Korea
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Representative
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Shinwoong Kang
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Share Capital (Won)
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5,700,000,000
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Relationship to Company
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Total Number of Issued Shares
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1,140,000
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Principal Business
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Fixed-line, satellite and other broadcasting
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2. Details of Acquisition
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Number of Shares to be Acquired
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627,000
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Acquisition Consideration (Won)
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10,420,740,000
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Companys Total Shareholders Equity (Won)
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22,349,250,355,012
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Ratio of Acquisition Amount to the Companys Total Shareholders Equity as of December 31, 2018
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0.05%
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3. Number of Shares to be Held by the Company and Shareholding Ratio after Acquisition
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Number of Shares to be Held
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627,000
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Shareholding Ratio
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55.00%
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4. Acquisition Method
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Cash
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5. Purpose of Acquisition
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To strengthen the competitiveness of the Companys media business.
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6. Scheduled Acquisition Date
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November 7, 2019
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7. Date of Agreement
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April 26, 2019
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8. Put Options or Other Agreements
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None
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9. Other Important Matters Relating to Investment Decision
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The acquisition consideration in Item 2 above may be subject to
change depending on the results of the Companys due diligence after the date of the Agreement.
The scheduled acquisition date in Item 6 above refers to the scheduled date of payment of the
acquisition consideration.
The above matters and timetable may change subject to discussions with, or approvals by, relevant
authorities or by agreement between the parties.
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Summary Financial Information of Tbroad Nowon (Unit: in millions of Won)
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As of or for the year ended December 31,
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Total Assets
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Total
Liabilities
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Total
Shareholders
Equity
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Share
Capital
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Revenue
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Profit for
the Year
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2018
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20,340
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1,393
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18,947
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5,700
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9,498
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1,052
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2017
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18,767
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1,271
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17,496
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5,700
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9,906
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541
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2016
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18,062
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1,107
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16,955
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5,700
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10,200
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45
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3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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SK T
ELECOM
C
O
., L
TD
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(
Registrant
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By:
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/s/ Jeong Hwan Choi
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(
Signature
)
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Name:
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Jeong Hwan Choi
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Title:
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Senior Vice President
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Date: April 26, 2019
4
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