Moody's Investors Service says that SK Telecom's announcement of a share buyback is credit negative but will not affect the company's A3 issuer and senior unsecured bond ratings or stable outlook. On 24 September, SK Telecom said that it would buy back 2.02 million shares worth KRW523 billion, a slightly higher amount than the 1.71 million treasury shares it used to acquire the remaining 49.44% stake in SK Broadband earlier this year.