KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which would give them full ownership – for over US$3.9 billion), two people with direct knowledge of the plans said.
KKR currently owns about 14 per cent of the firm while Singtel has a stake of more than 4 per cent. The rest of the company is held by ST Telemedia, which is wholly owned by Singapore state investor Temasek Holdings.
KKR and ST Telemedia Global Data Centres declined to comment. ST Telemedia and Singtel did not immediately respond to Reuters queries.
If successful, the deal would rank among Asia’s biggest data centre transactions, with the boom in artificial intelligence creating soaring demand for digital infrastructure.
The sources declined to be identified as the matter is private. REUTERS
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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