ST Telemedia Global Datacentres (STT GDC), a global data center specialist, is being acquired by a consortium led by global investment firm KKR and Singapore telecom group Singtel. The deal values STT GDC at approximately US$10.9 billion.

STT GDC announced on February 4, 2026, that it had entered into a definitive agreement under which a consortium led by KKR and Singtel would acquire an 82% stake in STT GDC previously held by founding shareholder ST Telemedia for approximately US$5.1 billion. The transaction reflects existing leverage and capital expenditures for confirmed projects.

Reflecting the redeemable preferred stock held by both companies, KKR will hold a 75% stake and Singtel a 25% stake after the transaction is completed. The consortium previously invested approximately US$1.3 billion in STT GDC through preferred stock and warrants due in 2024, and has since expanded its development pipeline from 1.4 GW to over 1.7 GW.
Headquartered in Singapore, STT GDC operates over 100 data centers in 12 countries worldwide. With a total IT load capacity of approximately 2.3 GW, it provides colocation, networking, and 24/7 operational support services. In the global market, demand for data centers requiring large-scale power and infrastructure is steadily increasing due to the proliferation of AI and cloud services.

Within this industry environment, KKR and Singtel have been expanding their investments, viewing data centers as core digital infrastructure assets. Singtel is pursuing business diversification through integration with its existing data center asset portfolio, while KKR is participating based on its global infrastructure investment experience.

Meanwhile, STT GDC plans to launch its full-scale entry into the Korean market with the launch of "STT Seoul 1" in June. This move is seen as part of a strategy to address the growing demand for data centers in the Asian region.