$723 Billion Private Equity Firm KKR & Singapore-Based $61 Billion Telco Giant Singtel Buy Remaining 82% Stake in ST Telemedia Global Data Centres for $5.1 Billion at $10.9 Billion Valuation (Include Leverage & Committed Capital Expenditure), KKR to Own 75% Stake & Singtel to Own 25% Stake
6th February 2026 | Hong Kong
United States private equity firm KKR ($732 billion AUM) & Singapore-based telco giant Singtel ($61 billion market value) have announced to buy the remaining 82% stake in ST Telemedia Global Data Centres for $5.1 billion at $10.9 billion valuation (Include leverage & committed capital expenditure). KKR will own 75% stake & Singtel will own 25% stake in ST Telemedia Global Data Centres. Consortium Background – KKR is making this investment predominantly from its Asia Pacific infrastructure strategy. This marks KKR’s latest digital infrastructure investment in Southeast Asia and globally. Past investments in this region have included: Nxera, a Singapore-headquartered data centre platform serving Asia Pacific; Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; and OMS Group, a neutral subsea telecommunications cable services provider. Globally, KKR’s data centre investments have included: CyrusOne, a global data center owner and operator and Global Technical Realty, a data center platform with a focus on Europe and the UK, among others. KKR’s Asia Pacific infrastructure platform has grown to approximately US$16 billion (approximately S$20 billion) in assets under management since it was established in 2019, as of September 30, 2025. Singtel Group is a leading provider of connectivity, digital services and digital infrastructure, with data centres a critical part of the business. In September 2023, KKR acquired a 20% stake in Nxera. The operational capacity of Nxera’s data centres in Southeast Asia is expected to more than double from over 200MW in 2026 to over 400MW in the mid-term. These data centres together with the Group’s extensive regional terrestrial fibre network, subsea cable network spanning more than 195,000 km across 30 countries, Paragon orchestration platform and RE:AI AI cloud service, form the core portfolio of its Digital InfraCo unit. This transaction is not expected to have an impact on Singtel’s credit rating and dividend policy.
“ $723 Billion Private Equity Firm KKR & Singapore-Based $61 Billion Telco Giant Singtel Buy Remaining 82% Stake in ST Telemedia Global Data Centres for $5.1 Billion at $10.9 Billion Valuation (Include Leverage & Committed Capital Expenditure), KKR to Own 75% Stake & Singtel to Own 25% Stake “
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$723 Billion Private Equity Firm KKR & Singapore-Based $61 Billion Telco Giant Singtel Buy Remaining 82% Stake in ST Telemedia Global Data Centres for $5.1 Billion at $10.9 Billion Valuation (Include Leverage & Committed Capital Expenditure), KKR to Own 75% Stake & Singtel to Own 25% Stake
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