February 2, 2026: A consortium led by KKR is close to finalising a major acquisition of ST Telemedia Global Data Centres in a transaction that could value the company at more than S$13 billion ($10.22 billion), as reported by Reuters, citing a report from The Wall Street Journal.
According to the report, KKR is pursuing the deal alongside Singapore’s leading telecom operator Singtel, with plans to acquire the data centre business from its parent entity ST Telemedia.
Reuters said it could not independently verify the report. KKR declined to comment, while ST Telemedia Global Data Centres, ST Telemedia, and Singtel did not immediately respond to queries outside regular business hours.
Earlier Advanced Talks Reported by Reuters
In November, Reuters had reported that KKR and Singtel were in advanced talks to acquire more than 80% of ST Telemedia Global Data Centres for over S$5 billion ($3.93 billion), a move that would effectively hand the consortium full ownership.
KKR currently owns around 14% of the company, while Singtel holds more than 4%. The remaining stake is owned by ST Telemedia, which is wholly controlled by Singapore’s sovereign investment firm Temasek Holdings.
Among Asia’s Largest Data Centre Transactions
If completed, the deal would rank among the largest data centre acquisitions in Asia, underscoring the strategic value of digital infrastructure assets amid the artificial intelligence boom.
Founded in 2014 and headquartered in Singapore, ST Telemedia Global Data Centres is considered one of the world’s fastest-growing data centre operators. The company manages over 100 data centres with more than 2 gigawatts of IT load capacity across 20+ major markets including Singapore, India, and Japan.
In Europe, it operates through its VIRTUS Data Centres platform across the UK, Germany, and Italy.
AI and Cloud Demand Driving Infrastructure Investments
The surge in AI workloads, cloud adoption, and enterprise data storage needs has significantly increased investor interest in global data centre platforms. Private equity firms and telecom majors are increasingly targeting such assets to position themselves at the centre of the digital economy.
This potential transaction reflects how AI-led growth is reshaping infrastructure investments across Asia and beyond, with Singapore emerging as a pivotal hub for global data centre expansion.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.