Tech

KKR and Singtel Take Full STT GDC Ownership in SGD 6.6B Deal

KKR and Singtel will acquire the remaining 82% stake in ST Telemedia Global Data Centres for SGD 6.6 billion, valuing STT GDC at SGD 13.8 billion. Upon completion, ownership will be KKR 75% and Singtel 25%, expanding a multi-market AI-ready data-center platform.

📅 February 03, 2026
⏱️ 2 min read
KKR and Singtel Take Full STT GDC Ownership in SGD 6.6B Deal

Key Takeaways

  • SGD 6.6 billion deal to buy the remaining 82% stake, valuing STT GDC at SGD 13.8 billion (enterprise value).
  • Post-completion ownership: KKR 75% and Singtel 25%, subject to adjustments for preference shares.
  • STT GDC operates in 12 markets across APAC, the UK and Europe with a 2.3 GW design capacity.
  • This would be KKR's largest infrastructure investment in Asia Pacific to date.
  • Citi acted as lead financial advisor; global data-center dealmaking topped USD 61 billion last year per S&P Global.

People Involved

  • No specific individuals mentioned

Entities Involved

  • ST Telemedia Global Data Centres (STT GDC)Data-center platform acquired by KKR and Singtel
  • KKR & Co. Inc. (KKR)Private equity investor acquiring majority stake
  • Singtel (Singapore Telecommunications Limited)Strategic investor and co-owner
  • CitiLead financial advisor to KKR and Singtel

MarketMoodz Analysis

For investors, the deal signals expanding AI-era data-center capacity and geographic reach, with a multi-market platform that can support hyperscalers and enterprise workloads across APAC, the UK, and Europe. The scale and long-duration cash flows of a diversified data-center business offer visible returns amid rising cloud and AI demand.

Historically, private equity has aggressively consolidated data-center platforms, and this deal reinforces that trend with a large, cross-border platform backed by durable income streams. Global deal activity in data centers reached record levels, with S&P Global data showing more than USD 61 billion invested last year. Watch regulatory scrutiny of cross-border data center ownership and the pace of capacity deployment as the integration proceeds.

Source: Original Article

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