Published by Global Banking and Finance Review
Posted on November 6, 2025
1 min readLast updated: January 21, 2026
KKR and Singtel are negotiating to acquire full ownership of ST Telemedia Global Data Centres for $3.9 billion, enhancing AI infrastructure.
By Yantoultra Ngui and Kane Wu
SINGAPORE/HONG KONG (Reuters) -KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80% of ST Telemedia Global Data Centres - which would give them full ownership - for over S$5 billion ($3.9 billion), two people with direct knowledge of the plans said.
KKR currently owns about 14% of the firm while Singtel has a stake of more than 4%. The rest of the company is held by ST Telemedia, which is wholly owned by Singapore state investor Temasek Holdings.
KKR and ST Telemedia Global Data Centres declined to comment. ST Telemedia and Singtel did not immediately respond to Reuters queries.
If successful, the deal would rank among Asia's biggest data centre transactions, with the boom in artificial intelligence creating soaring demand for digital infrastructure. The sources declined to be identified as the matter is private.
(Reporting by Yantoultra Ngui in Singapore and Kane Wu in Hong Kong; Editing by Sumeet Chatterjee and Edwina Gibbs)
A data centre is a facility used to house computer systems and associated components, such as telecommunications and storage systems. It is crucial for managing, storing, and processing data.
Artificial intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn. It is used in various applications, including data analysis and automation.
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, and other financial instruments.
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.
A merger and acquisition (M&A) is a business strategy that involves the consolidation of companies or assets. Mergers combine two companies, while acquisitions involve one company purchasing another.
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