KKR & Co and Singtel are in advanced negotiations to acquire full ownership of ST Telemedia Global Data Centres (STT GDC) for over $5 billion. The deal would consolidate their stakes and mark a strategic expansion into Asia’s fast-growing digital infrastructure market.
KKR and Singapore Telecommunications Ltd (Singtel) are nearing a landmark acquisition of ST Telemedia Global Data Centres, aiming to secure full control of the Singapore-based digital infrastructure firm. The proposed deal, valued at over $5 billion, would involve purchasing the remaining stake held by ST Telemedia, a subsidiary of Temasek Holdings.
Currently, KKR owns approximately 14% of STT GDC, while Singtel holds a stake of over 4%. The remaining majority is controlled by ST Telemedia. The acquisition would position both firms to capitalize on surging demand for cloud services, AI-driven data processing, and hyperscale data center capacity across Asia.
The move aligns with KKR’s broader strategy to deepen its investments in technology-enabled infrastructure, following recent deals in healthcare and financial services. Singtel, meanwhile, continues to diversify its portfolio beyond traditional telecom operations.
Major Takeaways
- KKR and Singtel in talks to acquire full ownership of STT GDC
- Deal value estimated at over $5 billion
- KKR currently holds 14%; Singtel over 4%
- ST Telemedia, owned by Temasek, holds the remaining stake
- Acquisition targets Asia’s booming digital infrastructure market
Sources: Business Times Singapore, IndexBox, CorpDev.org