KKR to Acquire 20% Stake in Singtel’s Regional Data Centre Business
Summary
Global investment firm KKR will purchase a 20 percent stake in Singtel’s regional data centre business for S$1.1 billion (approximately US$800 million). This strategic move values Singtel’s overall regional data centre business at a substantial S$5.5 billion, highlighting its promising growth trajectory. The proceeds from this transaction will be allocated to accelerate the expansion of Singtel’s regional data centre business across ASEAN markets, including Singapore, Indonesia, and Thailand. Bill Chang, CEO of Singtel’s Digital InfraCo, underscored, “KKR’s investment underscores the quality of our data centre portfolio and confidence in our plans to scale the business by capitalizing on the digitalization and rapid AI adoption that is transforming this region.” Arthur Lang, Group CFO at Singtel, added, “The investment by KKR crystallizes the latent value of our data centre assets. The surge in data consumption, the transition of enterprises to the cloud, and the rapid rise of AI in the region are expected to drive demand, surpassing the available supply.