A consortium led by KKR (NYSE:KKR) and Singapore’s Singtel has moved to fully acquire ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest-growing digital infrastructure platforms, in a deal valuing the company at S$13.8 billion ($10.9 billion) including debt.
The consortium signed definitive agreements to purchase the remaining 82% stake in the firm from its founding shareholder, ST Telemedia, for S$6.6 billion ($5.1 billion).
Upon completion, KKR will hold a 75% stake while Singtel will own 25%, following the conversion of existing preference shares and warrants.
The transaction marks the largest digital infrastructure deal in Southeast Asia to date, underscoring the insatiable global demand for data centers capable of handling resource-intensive AI and cloud workloads.
Since the consortium’s initial investment in 2024, STT GDC has expanded its development pipeline from 1.4GW to over 1.7GW.
Today, the platform boasts 2.3GW of design capacity across 12 markets, including the Asia Pacific region, the United Kingdom, and Europe.
The deal is expected to close in the early second half of 2026, subject to regulatory approvals.