South Korea's SK Telecom Makes An Equity Investment Of $100M In Joby As Part Of Expanded Partnership Between Two Companies
Portfolio Pulse from Benzinga Newsdesk
South Korea's leading telecommunications company, SK Telecom (NYSE:SKM), is making a $100 million equity investment in Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service. This investment is part of an expanded partnership between the two companies, which is expected to lead to further partnerships across the mobility ecosystem in Korea.
June 29, 2023 | 10:11 am
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Joby Aviation received a $100 million equity investment from SK Telecom, which could boost its financial position and accelerate its development of all-electric aircraft.
The $100 million investment from SK Telecom could provide Joby Aviation with the necessary capital to accelerate its development of all-electric aircraft. This could potentially increase its market share and profitability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SK Telecom made a $100 million equity investment in Joby Aviation, which could potentially expand its influence in the mobility ecosystem in Korea.
SK Telecom's investment in Joby Aviation could potentially expand its influence in the mobility ecosystem in Korea. This could potentially increase its market share and profitability in the future.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100