Singtel

KKR and Singtel are acquiring ST Telemedia Global Data Centres (STT GDC) for S$6.6 billion, valuing the company at S$13.8 billion. KKR will hold 75% and Singtel 25% post-acquisition. This is KKR’s largest APAC infrastructure investment, driven by AI and cloud computing demand. STT GDC operates across 12 markets with 2.3 GW capacity, serving hyperscale cloud providers. This deal highlights the booming data center market and its strategic importance.