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

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.