SGX:Z74Telecom
Singtel Data Centre Deal With KKR Puts Valuation And Earnings In Focus
Singtel (SGX:Z74) is joining a KKR led consortium to acquire full control of ST Telemedia Global Data Centres.
The deal includes Singtel taking a 25% stake in ST Telemedia Global Data Centres.
This is described as the largest data centre transaction in Southeast Asia to date.
Singtel is best known for its telecom operations in Singapore and across the region. This move highlights the increased attention it is giving to digital infrastructure. Data centres sit at the heart of cloud services...