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Singtel sees S$1.1 billion KKR deal bringing new customers, technologies to the table

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Yong Jun Yuan
Mia Pei

Yong Jun Yuan &

Mia Pei

Published Mon, Sep 18, 2023 · 08:22 AM
    • The investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion.
    • The investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion. PHOTO: SINGTEL

    GLOBAL investment firm KKR will commit up to S$1.1 billion for a 20 per cent stake in Singtel’s regional data centre business.

    In a media briefing on Monday (Sep 18), Singtel said the move will give the telco access to a wider network of global customers. It also hopes to tap KKR’s network of companies that develop new data centre cooling technologies.

    Stellar Asia Holdings II, a fund managed by KKR, has entered into an agreement with Singtel for the investment in ST Dynamo Investment, the holding company for Singtel’s regional data centre (RDC) business.

    KKRSingtelData centresSpotlight

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