KKR and Singtel Fully Acquire Data Center Firm STT GDC

Investment firm KKR and Singaporean telco Singtel this week announced the signing of definitive agreements to fully acquire the data center firm from ST Telemedia (STT).

The companies will acquire the remaining 82 percent stake in STT GDC from ST Telemedia for S$6.6 billion (US$5.1bn). Upon completion, KKR and Singtel will own stakes of 75 percent and 25 percent, respectively.

Stephen Miller, president & group CEO of ST Telemedia, said: “ST Telemedia established STT GDC 12 years ago to pioneer one of Asia Pacific’s leading data center platforms, combined with an equally strong position in the United Kingdom and Europe through VIirtus. We are proud of STT GDC’s market leadership and the exceptional value creation achieved by the team over that period.”