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ST Telemedia Global Data Centres inks $1.3bn deal with KKR and Singtel

The consortium has pledged an extra S$1.24 billion (~US$920 million) upon the full exercise of Redeemable Preference Shares (RPS) with detachable warrants.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

June 18, 2024 | 1:58 PM BST

ST Telemedia Global Data Centres inks $1.3bn deal with KKR and Singtel

Bruno Lopez, President & Group CEO of STT GDC, taking part in The Tech Capital's International Finance Forum 2024 in May, in London. Source: TTC

The Tech Capital

Data centre colocation services ST Telemedia Global Data Centres (STT GDC) has secured S$1.75 billion (~US$1.3 billion) from a consortium led by global investment firm KKR (NYSE: KKR) and Singaporean telecommunications conglomerate Singtel (SGX: Z74).

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João Marques Lima

Founder and Editor, The Tech Capital

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