KKR, Singtel Acquire STT GDC
Analysis based on 6 articles · First reported Feb 01, 2026 · Last updated Feb 04, 2026
The acquisition of ST Telemedia Global Data Centres by a KKR & Co.-led consortium, including Singtel, is a significant development in the digital infrastructure market. It signals strong investor confidence in the data center sector, driven by the boom in artificial intelligence, and is expected to boost Singtel' position in the Asia-Pacific data center space.
A consortium led by KKR & Co. and including Singtel is nearing a deal to acquire a controlling interest in Singapore-based ST Telemedia Global Data Centres. The transaction, valued at over S$13 billion (US$10 billion), involves purchasing the remaining 82% stake from ST Telemedia, a wholly owned subsidiary of Temasek Holdings. KKR & Co. currently holds about 14% and Singtel holds over 4% of ST Telemedia Global Data Centres. Sovereign wealth funds GIC (sovereign wealth fund) from Singapore and Mubadala Investment Company from Abu Dhabi are reportedly in talks to join as minority co-investors. This deal, if successful, would be among Asia's largest data center transactions, driven by the increasing demand for digital infrastructure due to artificial intelligence. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
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