KKR and Singtel have finalized their takeover of the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC) from ST Telemedia, a Temasek subsidiary. The deal assigns an implied enterprise value of S$13.8 billion (approximately US$10.9 billion) to the Singapore-based operator. Following conversion of existing redeemable preference shares, KKR secures a controlling 75% equity position while Singtel takes 25%. The acquisition ranks among the largest digital infrastructure transactions ever completed in the Asia-Pacific region and establishes a hyperscale compute platform intended to address rising demand for artificial intelligence and cloud services across 12 major markets globally.

Transaction Structure & Key Parameters

S$5 Billion Sustainability-Linked Financing

The consortium obtained a S$5 billion sustainability-linked loan to finance the acquisition and fund STT GDC's expansion pipeline. Singapore's three largest banks—DBS, OCBC, and UOB—jointly underwrote the facility. The loan structure ties interest margins directly to STT GDC's progress in raising the share of renewable energy powering its operations and increasing the proportion of certified green data center facilities across its worldwide development footprint.

Operational Footprint & Strategic Alignment

STT GDC operates as one of the world's most geographically dispersed digital infrastructure platforms. The transaction reshapes the competitive positioning of both KKR and Singtel in global cloud and artificial intelligence hosting markets.

  • The platform commands over 2.3GW of total design capacity distributed across 12 markets, with over 780MW currently operational and 2GW of secured land reserves designated for artificial intelligence-ready expansions.
  • The acquisition complements Singtel's regional Nxera data center business. Combined with Singtel's 195,000+ km subsea cable network, STT GDC extends Singtel's Digital InfraCo unit into global markets.
  • The deal strengthens KKR's Asia-Pacific infrastructure portfolio, which surpasses US$16 billion, reinforcing its standing as a leading digital real estate investor across Asia-Pacific and Europe.

Corporate Profiles & Leadership Continuity

Continuity of Management & Strategy

STT GDC maintains its corporate identity, brand, and existing executive leadership under Bruno Lopez, who serves as President & Group CEO. The entity will function as an independent portfolio company held by KKR and Singtel, with emphasis on expansion in core markets including India, Southeast Asia, the United Kingdom, and Continental Europe.

  • STT GDC Footprint: 2.3GW design capacity spanning Singapore, India, China, Thailand, Indonesia, the Philippines, Malaysia, Japan, Germany, and the UK.
  • Singtel Digital InfraCo: Integrates STT GDC, Nxera, RE:AI cloud orchestration, and extensive subsea cable infrastructure.

Supercharging hyperscale cloud and AI deployment across Asia-Pacific and European corridors.