A consortium led by KKR, with Singapore Telecommunications (Singtel), has completed its acquisition of ST Telemedia Global Data Centres (STT GDC). The deal gives STT GDC an implied enterprise value of S$13.8 billion (approximately $10.9 billion). Following the transaction's close, KKR holds a 75% stake in STT GDC, while Singtel holds the remaining 25%.
The acquisition, which first announced in February 2026, was finalized after receiving all necessary regulatory approvals. To help fund the S$6.6 billion cash consideration and future capital expenditures, the consortium secured S$5 billion in debt facilities, including a sustainability-linked loan. Following the acquisition, STT GDC has launched a refreshed global brand to mark its next phase of growth, focusing on providing AI-ready digital infrastructure across Asia and Europe.