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Feb 4, 2026 8:01 AM

KKR-Singtel Sign $5.1 Billion Data Center Deal in Southeast Asia

On Tuesday, KKR & Co. Inc. (NYSE:KKR), along with Singapore’s largest mobile operator, Singtel, penned an agreement for one of the largest digital infrastructure deals in Southeast Asia.

The funds managed by KKR and Singtel will acquire the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC) from founding shareholder ST Telemedia.

The transaction values the stake at S$6.6 billion (around $5.1 billion) and implies an enterprise value of roughly S$13.8 billion (around $10.9 billion), inclusive of debt and committed capital expenditure.

The deal is expected to close by the early second half of 2026, subject to customary closing conditions.

Post deal closure, KKR and Singtel will hold 75% and 25% ownership in the company, respectively.

Notably, STT GDC is a globally diversified data centre platform with 2.3 GW of design capacity across 12 markets in Asia Pacific, the UK, and Europe, ...