KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value

A consortium led by global investment firm KKR and Asia’s prominent communications technology group Singtel has agreed to fully acquire ST Telemedia Global Data Centres (STT GDC) for an enterprise value of S$13.8 billion. This strategic move was formalized through definitive agreements signed on February 3, 2026. The acquisition marks a significant consolidation in the data center sector, driven by the increasing demand for digital infrastructure across Asia and beyond.

Under the terms of the deal, KKR and Singtel will hold 75% and 25% stakes respectively in STT GDC upon completion. This ownership structure accounts for the conversion of existing redeemable preference shares held by both parties in the company. The consortium’s initial investment in STT GDC began with a S$1 billion commitment, signaling strong confidence in the company’s growth trajectory and the broader data center market.

ST Telemedia Global Data Centres operates a substantial portfolio of data center assets across Asia, providing critical infrastructure that supports cloud computing, telecommunications, and enterprise IT services. The acquisition by KKR and Singtel is expected to enhance STT GDC’s capacity for expansion and innovation, leveraging KKR’s investment expertise and Singtel’s regional telecommunications presence. This partnership aims to capitalize on the accelerating digital transformation trends, including increased cloud adoption, 5G rollout, and the growing need for edge computing.

The deal also reflects broader industry dynamics where institutional investors and technology firms collaborate to scale infrastructure assets that underpin the digital economy. By fully acquiring STT GDC, the consortium gains greater control to drive strategic initiatives, optimize operations, and explore new market opportunities. The S$13.8 billion valuation underscores the premium placed on data center assets, which are critical enablers of modern digital services.

Completion of the transaction is subject to customary regulatory approvals and closing conditions. Once finalized, the acquisition is poised to position the consortium as a leading player in Asia’s data center landscape. This move is expected to accelerate STT GDC’s growth plans, including potential expansions into new geographies and the deployment of advanced technologies to meet evolving customer demands.

Overall, the KKR-Singtel consortium’s full acquisition of ST Telemedia Global Data Centres represents a strategic alignment of investment and operational capabilities aimed at capturing the significant opportunities presented by the digital infrastructure sector. It highlights the increasing importance of data centers as foundational assets in the digital age and the role of collaborative partnerships in driving sector growth.