Information
The transfer seeks to capitalise on Southeast Asia’s booming date centre market
This week, media reviews counsel {that a} consortium led by KKR and Singtel is closing in on a deal to amass ST Telemedia World Knowledge Centres (STT GDC).
Negotiations, that are already at an “superior stage”, would worth the information centre enterprise at round $10.22 billion.
“Singtel, as a part of a consortium, continues to have discussions in relation to STT GDC. Whereas these discussions are at a sophisticated stage, there isn’t a certainty that such discussions will result in any definitive or binding settlement,” mentioned Singtel in a press release on Sunday.
STT GDC owns and operates round 100 information centres in over 20 markets, together with Singapore, Malaysia, India, Germany, Italy, and the UK, in keeping with the firm web site
Rumours that KKR and Singtel have been in discussions to amass STT GDC have been first reported in July final 12 months.
Each corporations already maintain stakes within the enterprise, having collectively invested $1.3 billion in 2024, with KKR proudly owning 14.1% and Singtel 4.2%. The remaining majority stake in STT GDC is held by ST Telemedia, itself owned by Singapore’s state-owned holding firm Temasek.
For Singtel, the deal would characterize the operator’s newest step in its drive to turn out to be a regional AI information centre powerhouse.
The corporate’s Digital InfraCo unit was rebranded as Nxera in 2024, with the corporate aiming to increase its information centre capability in Southeast Asia to 200MW by the tip of 2027 in partnership with Nvidia.
By combining Nxera’s current and deliberate information centre property in Singapore, Malaysia, Thailand, and Indonesia with these of STT GDC, Singtel would instantly turn out to be one of many area’s largest digital infrastructure gamers.
KKR, alternatively, already owns roughly 155 services with a pipeline of 12-gigawatts of capability. The corporate has been on a spending spree lately to develop this capability even additional, most not too long ago together with a $1.5 billion funding in World Technical Realty, an organization specialising in constructing bespoke services for hyperscalers like Amazon, Microsoft, and Google.
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