KKR, Singtel pay $5.2 billion for full control of data centre operator STT GDC
By Yantoultra Ngui and Roushni Nair SINGAPORE, Feb 4 (Reuters) - A KKR and Singapore Telecommunications consortium will pay S5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the companies said on Tuesday, in an intensifying race for AI capacity. The deal gives the data centre operator an implied enterprise value of S$13.8 billion, based on the price the companies are paying for the 82% stake they do not already own. The transaction is the larges ...