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

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SEOUL, Oct 16 (Reuters) - Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea's SK Telecom Co Ltd .

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)