KKR and Singtel complete $10.9 billion STT GDC acquisition

A consortium led by KKR and Singtel has completed its acquisition of the remaining 82 percent of ST Telemedia Global Data Centres (STT GDC). The deal, which values the Singapore-based company at S$13.8 billion ($10.9 billion), leaves KKR with a 75 percent controlling stake and Singtel with 25 percent.

Following the transaction, STT GDC has launched a refreshed global brand centered on the concept of ‘Built Ready’ to support its expansion into AI-ready digital infrastructure across Asia, Europe, and the United Kingdom. The buyout was supported by a S$5 billion ($3.9 billion) sustainability-linked loan, with terms tied to increasing renewable energy use and the proportion of green data centres within the company's portfolio.

STT GDC currently operates over 100 data centres across 20 markets with a design capacity of 2.3 gigawatts. The company reported significant operational momentum, including a 25 percent increase in operational capacity to 780MW and a 50 percent growth in contracted capacity.