The investment puts the enterprise value of Singtel’s overall regional data centre business at $5.5 billion, around 60% higher than the $3.4 billion estimate by DBS Group Research
Singapore Telecommunications (Singtel) (SGX:Z74
) has agreed to sell 20% of its regional data centre business to global investment firm KKR.
The stake will be acquired through a fund managed by Kohlberg Kravis Roberts & Co. L.P. (KKR) where it will commit up to $1.1 billion in cash.
