Overview
- KKR and Singtel will buy the remaining 82% of ST Telemedia Global Data Centres from ST Telemedia for S$6.6 billion.
- Upon completion, KKR will own 75% of STT GDC and Singtel will hold 25%, reflecting the conversion of existing preference shares.
- Singtel plans to invest about S$740 million in the transaction to reach its 25% stake.
- KKR described the acquisition as its largest infrastructure investment in Asia Pacific to date.
- STT GDC operates more than 100 facilities across 12 markets with roughly 2.3 gigawatts of design capacity, serving hyperscalers and enterprise clients.