Singtel (SGX:Z74) said it is in advanced talks to acquire ST Telemedia Global Data Centre (STTGDC) as part of a consortium with KKR. We view the development positively to strengthen its regional data centre (RDC) business, a key growth engine benefitting from strong global artificial intelligence (AI) tailwinds.
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Closing in on the largest DC leveraged buyout deal since 2024.
The Wall Street Journal reported that the Singtel-KKR consortium is nearing a deal to acquire STTGDC, which would value the latter at >S$13bn (>US$10bn). Singtel confirmed in Nov 2025 that it was in talks to acquire STTGDC as part of a consortium.
In its 1 Feb media release, Singtel said talks had reached an advanced stage although there was no certainty a binding agreement would be reached.
- Read this at SGinvestors.io -
The deal is set to be the biggest leveraged DC buyout deal since Blackstone’s AUD24bn acquisition of Australia’s AirTrunk in 2024.
STTGDC will be highly synergistic to the RDC/Nxera business.
Read more at SGinvestors.io.
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