ST Telemedia Global Data Centres Expands Partnership with Princeton Digital Group

Source Intelligence

KEY DETAILS

KKR and Singtel will own stakes of 75% and 25% respectively in the Company upon completion. Quote: "Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company." The Consortium first invested S$1.75 billion in STT GDC in 2024. Quote: "The Consortium first invested S$1.75 billion (approximately US$1.3 billion) in STT GDC through preference shares and warrants in what marked the largest digital infrastructure investment in Southeast Asia in 2024." STT GDC has grown its pipeline from 1.4GW in 2024 to over 1.7GW. Quote: "Since then, the Company has grown its pipeline from 1.4GW in 2024 to over 1.7GW."

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Deal Size

funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion

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Capacity

STT GDC is one of the world’s fastest-growing and most diversified data centre platforms with 2.3GW of design capacity

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Location

Singapore – February 4, 2026

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Financials

This represents an implied enterprise value of approximately S$13.8 billion

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Announcement

February 4, 2026

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Signing

Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements

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Expected Close

The transaction is expected to close by early second half of 2026

PARTIES MENTIONED IN SOURCE

K

KKR buyer

"Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres"

S

Singtel buyer

"Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres"

S

ST Telemedia seller

"Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia"

S

ST Telemedia Global Data Centres target

"Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres"

high quality Enriched Feb 19, 2026