ST Telemedia, the parent company which is itself a Temasek unit, now owns 80% of STT GDC, with the KKR-led group holding the rest.
KKR and Singtel are nearing a deal to buy over the controlling stake in ST Telemedia Global Data Centres in a deal that values the assets at more than $13 billion, according to the Wall Street Journal.
Talks are at a very advanced stage, and an announcement could be made soon, according to the Journal, citing "people familiar with the matter".
