KKRLed Consortium Nears USD 10B Takeover of Singapore DataCenter Giant STT GDC

Singapore - February 2, 2026 - A consortium led by global private equity firm KKR & Co. is in advanced talks to acquire ST Telemedia Global Data Centres (STT GDC) in a deal that would value the Singapore-based operator at more than USD 10 billion, according to multiple reports.

If completed, the transaction would allow KKR to consolidate its stake in STT GDC while potentially bringing in Singapore’s GIC and Abu Dhabi-based Mubadala Investment Company as co-investors. Both sovereign wealth funds are reportedly in advanced discussions to join the consortium, highlighting growing institutional interest in AI-driven hyperscale infrastructure.

STT GDC operates over 100 data centers across 20 markets, including Singapore, India, Japan, the U.K., Germany, and Italy, with more than 2 gigawatts of IT load capacity. The company has played a key role in supporting cloud and AI workloads across Asia and Europe, making it an attractive target for private equity investors seeking exposure to high-growth digital infrastructure.

According to The Wall Street Journal, KKR already owns about 14% of STT GDC, with Singtel holding more than 4%, while ST Telemedia remains the majority shareholder. The potential deal would give the consortium full control, enabling strategic consolidation and faster expansion in urban and hyperscale data center locations.

Analysts note that the acquisition, driven by rising AI and cloud demand, could allow STT GDC to expand capacity in urban edge locations, where proximity to end-users and low-latency networks are increasingly valued. “The demand for AI-optimized data centers is creating unprecedented investment opportunities across Asia,” said Mandy Tan, managing director at Asia Digital Infrastructure Advisory.

While the consortium’s discussions are reported as advanced, no binding agreement has yet been finalized. Singtel emphasized that formal disclosures will be made in line with Singapore Exchange rules once material developments occur.

If completed, the transaction would mark one of the largest private equity-backed data center deals in Asia, signaling strong investor confidence in the sector’s growth amid rising demand for AI and cloud computing infrastructure.