The deal makes the telco one of the largest data center players in the Asia-Pacific region
[SINGAPORE] The AS$6.6 billion deal led by private equity giant KKR and Singtel to acquire Singapore-based ST Telemedia Global Data Centers (STT GDC) is expected to catapult the company into a leading position in the Asia-Pacific data center sector.
It also positions Singtel for future growth and accelerates the group’s commitment to digital infrastructure as a core growth engine.
The deal was announced by Singtel in a stock exchange filing on Wednesday (February 4). KKR and Singtel will acquire the remaining 82% of the shares they do not already own from ST Telemedia, the parent company of STT GDC.
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