Under the deal, funds managed by KKR and Singtel will acquire the remaining 82% stake in STT GDC from founding shareholder ST Telemedia for S$6.6 billion (US$5.1 billion). Upon completion, KKR will own 75% of the company and Singtel 25%, following the conversion of existing redeemable preference shares already held by both investors.
Founded in 2014 and headquartered in Singapore, STT GDC has grown into one of the world’s fastest-expanding data centre operators, with 2.3GW of design capacity across 12 major markets in Asia Pacific, the UK and Europe. Its European presence is anchored by VIRTUS, making the transaction particularly relevant for the UK data centre and connectivity ecosystem.
The consortium first invested S$1.75 billion in STT GDC in 2024, in what was then the largest digital infrastructure investment in Southeast Asia. Since that investment, the company has expanded its development pipeline from 1.4GW to more than 1.7GW, reflecting accelerating demand from hyperscalers and enterprises running AI-driven and cloud-intensive workloads.
Commenting on the transaction, David Luboff, co-head of KKR Asia Pacific and head of Asia Pacific infrastructure at KKR said: “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed.”
Singtel Group CFO Arthur Lang described the acquisition as a key step in scaling Singtel’s digital infrastructure ambitions under its Singtel28 strategy, highlighting the strategic importance of STT GDC’s international footprint.
From ST Telemedia’s perspective, the transaction represents a handover to partners with the scale and capital required for the next phase of growth in an increasingly capital-intensive sector.
The transaction is expected to complete in the early second half of 2026, subject to customary regulatory approvals.
RELATED STORIES
ITW Asia 2026
ITW Asia brings together the whole connectivity and digital infrastructure industry to get business done. Join 1700+ leaders from carriers, MNOs, cloud solution providers, hyperscalers, content service providers, data centres, satellite operators, investors, regulatory authorities and more, to define the future of connectivity in Asia.
