Investment giant KKR is in advanced talks to fully acquire ST Telemedia Global Data Centres, a Singapore-based data infrastructure company. The proposed deal could value the business at over $5 billion, significantly expanding KKR’s role in powering the backbone of AI and cloud services across Asia-Pacific.
KKR currently holds a 14.1% stake in the company. A full acquisition would mark a strategic move to capitalize on growing global demand for enterprise-level data infrastructure, particularly in Southeast Asia, where Singapore has emerged as a critical hub for digital transformation.
ST Telemedia operates across Singapore, Europe, and the United States, serving major tech clients and platforms. This acquisition would enhance KKR’s access to next-gen data center assets capable of supporting high-performance computing, AI models, and cloud expansion.
Industry analysts view the potential deal as a milestone in Singapore’s rise as a digital infrastructure powerhouse. The city-state’s regulatory clarity, connectivity, and tech talent have made it a key player in attracting data center and cloud investment in the region.
While both KKR and ST Telemedia have yet to release official statements, regulatory processes are likely underway, and the market awaits confirmation in the coming weeks.
Additional Background
- KKR previously teamed up with Singtel in a S$1.75 billion (~$1.37B) investment into the data center business in 2024.
- Singapore’s strategic location and pro-tech policies continue to attract large-scale infrastructure investments.
- The acquisition aligns with a global trend where private equity is increasingly targeting digital infrastructure assets.
Source: Reuters
