If the deal goes ahead, it will be the biggest leveraged data centre buyout deal since Blackstone’s A$24 billion acquisition of Australia’s AirTrunk in 2024.
RHB Bank Singapore has kept its "buy" call and $5.20 price target on Singapore Telecommunications after the telco confirms it is in "advanced" talks to be part of a KKR-led consortium to buy the remaining stake in ST Telemedia Global Data Centre.
According to the Wall Street Journal on Feb 1, the deal will value STT GDC at more than $13 billion.
