Investment

STT GDC is acquired by KKR and Singtel

STT GDC is acquired by KKR and Singtel

ST Telemedia Global Data Centres (STT GDC), a leading player in the Asia Pacific data centre business, has been acquired in what has been described as one of the largest digital infrastructure transactions in Southeast Asia.

Global investment firm KKR, communications technology group Singtel, and STT GDC founding shareholder ST Telemedia have announced the signing of definitive agreements under which funds managed by KKR and Singtel will acquire the remaining 82% stake in STT GDC from ST Telemedia for a total consideration of approximately US$5.1 billion.

Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in STT GDC, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the company.

Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is described as one of the world’s fastest-growing and most diversified data centre platforms, with 2.3GW of design capacity across 12 major markets in Asia Pacific (including the Philippines, Thailand and India) and the United Kingdom and Europe.

Its services include high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is said to be fuelling the need for new data centres to drive resource-intensive workloads.

As for the thinking behind this investment, David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, explains: “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed. STT GDC is well-positioned within this landscape, with a diversified footprint, strong development pipeline and a leadership team with a clear vision for global scale.”

Arthur Lang, Group Chief Financial Officer of Singtel, adds: “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure as mapped out in our Singtel28 growth plan. STT GDC's diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach.”

Bruno Lopez, President & Group CEO of STT GDC, says, “With the [KKR and Singtel] consortium’s global expertise, regional networks, financial strength and, most importantly, our shared ambition, STT GDC is poised to scale rapidly and capture the next wave of significant growth in cloud and AI demand.”

The transaction is expected to close by early second half of 2026, subject to customary closing conditions, including regulatory approvals.



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