KKR and Singtel to take full ownership of data center firm STT GDC for about $5 billion

KKR and Singtel to take full ownership of data center firm STT GDC for about $5 billion

### Global Investment Giants Forge Strategic Alliance to Acquire ST Telemedia Global Data Centres

**Singapore –** In a significant development poised to reshape the digital infrastructure landscape, a consortium led by global investment firm KKR and Singaporean telecommunications giant Singtel has entered into a definitive agreement to acquire full ownership of ST Telemedia Global Data Centres (STT GDC). The transaction, valued at approximately S$5 billion, underscores the burgeoning demand for robust and scalable data center solutions across the Asia-Pacific region and beyond.

This strategic move will see KKR and Singtel consolidate their stakes, establishing complete control over STT GDC, a leading player in the design, development, and operation of data center facilities. The enterprise value of STT GDC has been pegged at S$13.8 billion, reflecting the company’s substantial assets, extensive operational footprint, and its critical role in supporting the digital economy.

STT GDC has established itself as a formidable presence in the data center industry, boasting a portfolio of facilities across key growth markets in Asia, Europe, and the United States. The company’s commitment to delivering high-quality, reliable, and secure data center services has made it a preferred partner for a diverse range of clients, including hyperscale cloud providers, financial institutions, and enterprises. The acquisition by KKR and Singtel is expected to accelerate STT GDC’s expansion plans, enabling it to capitalize on the accelerating digital transformation trends, including the rapid adoption of cloud computing, artificial intelligence, and the Internet of Things.

KKR, a renowned global investment firm with a proven track record in infrastructure and technology investments, brings its considerable financial resources and strategic expertise to the partnership. The firm’s deep understanding of global markets and its ability to drive operational enhancements will be instrumental in supporting STT GDC’s next phase of growth. Singtel, as a leading Asian telecommunications group, offers invaluable regional insights, a strong existing customer base, and extensive network capabilities that are synergistic with data center operations. This dual-pronged expertise is anticipated to unlock new avenues for innovation and market penetration for STT GDC.

The transaction is subject to customary closing conditions and regulatory approvals, with completion anticipated in the coming months. Industry analysts view this acquisition as a testament to the strategic importance of data center infrastructure in the modern economy. As businesses increasingly rely on digital platforms for their operations, the demand for secure, efficient, and geographically diverse data storage and processing capabilities continues to surge. STT GDC, under the stewardship of KKR and Singtel, is well-positioned to meet these evolving demands and to play a pivotal role in powering the digital future.

This significant investment signals a strong vote of confidence in STT GDC’s business model and its future prospects. The combined strengths of KKR and Singtel are expected to propel STT GDC to new heights, enhancing its competitive edge and solidifying its position as a global leader in the data center sector. The deal is poised to create substantial value for stakeholders and contribute to the continued development of critical digital infrastructure worldwide.

This article was created based on information from various sources and rewritten for clarity and originality.