KKR and Singtel to acquire remaining stake in data center firm STT GDC for over $5 billion [MSNBC.com]
SINGAPORE TELECOM S/ADR (SGAPY)
NASDAQ:AMEX Investor Relations:
singtel.com/about-us/investor-relations/relations
Company Research
Source: MSNBC.com
Private equity firm and Singapore Telecommunications will acquire the remaining 82% stake in data center operator ST Telemedia Global Data Centres for 6.6 billion Singapore dollars ($5.1 billion), said in a statement on Wednesday.The deal pegs STT GDC's enterprise value at S$13.8 billion and comes at a time when there has been a jump in data center demand led by the boom in artificial intelligence.Following completion, will hold a 75% stake in STT GDC, while Singtel will own the remaining 25%, taking into account the conversion of existing preference shares held by both investors. said the deal represents its largest infrastructure investment in Asia Pacific to date, as global investment in data centers accelerates on rising need for cloud computing and artificial intelligence workloads.Global data centers' dealmaking hit afresh record"Digital infrastructure remains one of the most compelling long-term investment themes globally," said David Luboff, co-head of Asia Pacific and hea
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News
- KKR and Singtel to fully acquire STT GDC for $5.1bn [Yahoo! Finance]Yahoo! Finance
- KKR and Singtel to take full ownership of data center firm STT GDC for about $5 billion [MSNBC.com]MSNBC.com
- KKR, Singtel consortium to pay $5.2 billion to take full control of STT GDC [Yahoo! Finance]Yahoo! Finance
- KKR and Singtel to acquire remaining stake in data center firm STT GDC for over $5 billion [CNBC]CNBC
- KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value [Yahoo! Finance]Yahoo! Finance