KKR and Singtel complete major data-centre acquisition in Asia
A consortium led by private equity firm KKR and Singapore Telecommunications (Singtel) has agreed to acquire the remaining 82 per cent stake in ST Telemedia Global Data Centres (STT GDC) for S$6.6 billion (about US$5.2 billion), valuing the digital infrastructure provider at S$13.8 billion.
Why it matters for Asia
building and owning data-centre capacity is crucial for AI and cloud growth in Asia, and this large-scale acquisition shows how investors are treating AI infrastructure as a core strategic asset.

