The transaction comprises an initial $1.75 billion investment by the consortium via redeemable preference shares (RPS), with detachable warrants. Upon exercise of the warrants in full, the consortium will invest an additional $1.24 billion.
ST Telemedia Global Data Centres (STT GDC), a data centre colocation services provider; global investment firm KKR; and local telecommunications technology group Singapore Telecommunications (SGX:Z74
) (Singtel) jointly announced the signing of definitive agreements, under which a KKR-led consortium of KKR (on behalf of funds managed by it) and Singtel will invest $1.75 billion in STT GDC.
This transaction marks the largest digital infrastructure investment in Southeast Asia to date in 2024.
