#JustGotAcquired. A consortium led by global investment firm KKR and Singapore’s Singtel said it will acquire the remaining 82% stake it does not yet own in ST Telemedia Global Data Centres (STT GDC). 

The deal is worth 6.6B SGD, or approximately $5.1B. Meanwhile, the enterprise valuation of STT GDC stands at 13.8B SGD or $10.9B.

• KKR and Singtel will acquire the stake from ST Telemedia, which is wholly owned by Temasek Holdings. 
• KKR is set to get a 75% stake, while Singtel will own the remaining 25%.

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🍀 About STT GDC

STT GDC is a Singapore-based data center platform with 2.3GW of design capacity and is active in 12 markets across APAC, the UK, and Europe. 

• It offers high-quality colocation, providing secure, reliable data centers that can support critical IT infrastructure of enterprises.  
• In addition, STT GDC offers connectivity solutions that enable companies to access hybrid and multi-cloud environments, as well as round-the-clock support services. 

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👣 Why they’re important

STT GDC provides the required infrastructure that hyperscalers, AI companies, and large enterprises need, especially those in the banking and telecommunications sectors. 

• With the funding, STT GDC is expected to accelerate their next phase of sustainable, global growth.