ST Telemedia Global Data Centres

Data Centers · Infrastructure · AI

Acquisition

KKR-Singtel consortium closes $10.9B buyout of Singapore's STTGDC

The deal hands control of one of Asia's largest data centre platforms to private capital just as AI-driven demand outstrips available power supply.

• KKR and Singtel completed their acquisition of ST Telemedia Global Data Centres, paying roughly S$6.6B ($5.2B) for the 82% stake held by parent ST Telemedia, valuing the company at S$13.8B ($10.9B).
• STTGDC operates more than 100 data centres across 20 markets in Asia Pacific and Europe, with 2.3 gigawatts of design capacity serving hyperscalers, cloud providers and AI customers.
• The buyout is backed by a S$5B ($3.9B) sustainability-linked loan from DBS, OCBC and UOB, with terms tied to raising renewable energy use and green-certified capacity across STTGDC's portfolio.
• STTGDC's operational capacity climbed 25% since the end of 2025 to 780MW, contracted capacity rose 50%, and annualised EBITDA grew 30% on hyperscaler and AI demand.
• STTGDC also unveiled a 'Built Ready' rebrand at deal close, retaining its name while repositioning as a global AI-ready infrastructure platform spanning Asia, the UK and Europe.
• STTGDC's development pipeline has grown to nearly 2GW of powered land, up from 1.4GW when KKR and Singtel first invested S$1.75B in the company in 2024.
• The deal shows infrastructure investors and telecom operators moving to lock up AI-ready data centre capacity as power availability, not capital, becomes the industry's binding constraint.