US EditionKKR, Singtel Consortium to Pay $5.2 Billion to Take Full Control of STT GDC
KKR and Singtel will jointly own ST Telemedia Data Centres, investing S$6.6 billion to meet rising AI-driven demand for cloud and data center capacity.
- A consortium led by KKR and Singtel will acquire an 81.7 stake in ST Telemedia GDC for S$6.6 billion, Singtel said on Feb 4.
- Amid an AI-driven demand surge, global data-centre investment soared last year with over $61 billion flowing into the market, driven by the artificial intelligence boom, S&P Global reported.
- Following completion, KKR will hold a 75% stake and Singtel a 25%, with Singtel investing about S$740 million and both previously owning about 14% and 4%.
- Singtel's stock moved after the Singapore Exchange filing, with Singtel shares rising 1.85% to $4.95 on Feb 4, and reports of an imminent deal had lifted the counter 75% over the prior two days.
- Looking at capacity, STT GDC's pipeline growth from 1.4GW to over 1.7GW and 2.3GW design across 12 markets aligns with JLL Research's projection of 75% growth through 2027.
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KKR, Singtel consortium to pay $5.2 billion to take full control of STT GDC
A KKR and Singapore Telecommunications consortium will pay S$6.6 billion ($5.2 billion) in cash to buy the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC), valuing the Singapore-based data centre operator at an implied enterprise value of S$13.8 billion, the companies said on Tuesday.
Singtel and KKR consortium to buy remaining stake in ST Telemedia Global Data Centres for S$6.6 billion
SINGAPORE: Singtel said on Wednesday (Feb 4) that a consortium it is part of with private equity firm KKR will acquire an 81.7 per cent stake in Temasek Holdings' data centre business for S$6.6 billion (US$5.2 billion).Singtel will invest about S$740 million in the transaction and will hold a 25 per cent stak
KKR, Singtel to Fully Acquire STT GDC for S$13.8 Billion
A KKR-led consortium with Singtel Group has agreed to fully acquire ST Telemedia Global Data Centres (STT GDC) in a deal valuing the data centre operator at S$13.8 billion, marking one of the largest digital infrastructure transactions in Southeast Asia. Under the agreement, funds managed by KKR and Singtel Group will buy the remaining 82 […] The post KKR, Singtel to Fully Acquire STT GDC for S$13.8 Billion appeared first on techcoffeehouse.com.
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