KKR and Singtel Acquire 82% Stake in STT GDC for $5.1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy KKR?
Source: CNBC
- Large Transaction: KKR and Singapore Telecommunications are acquiring the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion ($5.1 billion), valuing STT GDC at S$13.8 billion, reflecting a surge in data center demand driven by the rise of artificial intelligence.
- Strategic Investment Significance: This deal represents KKR's largest infrastructure investment in the Asia Pacific to date, positioning the firm to capitalize on the accelerating global demand for cloud computing and AI workloads in the rapidly expanding data center market.
- Market Expansion Potential: STT GDC operates across 12 markets in Asia Pacific, the UK, and Europe with a design capacity of 2.3 gigawatts, enhancing Singtel's competitive edge in the global data center market by providing services to hyperscalers and enterprise customers.
- Digital Infrastructure Outlook: David Luboff, co-head of KKR Asia Pacific, emphasized that digital infrastructure remains one of the most compelling long-term investment themes globally, with STT GDC's diversified footprint and development pipeline promising substantial returns for investors.
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Analyst Views on KKR
Wall Street analysts forecast KKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KKR is 159.67 USD with a low forecast of 145.00 USD and a high forecast of 176.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 114.360
Low
145.00
Averages
159.67
High
176.00
Current: 114.360
Low
145.00
Averages
159.67
High
176.00
About KKR
KKR & Co. Inc. is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The Company’s segments include Asset Management, Insurance and Strategic Holdings. Asset Management segment offers a range of investment management services to investment funds, vehicles and accounts and provides capital markets services to portfolio companies and third parties. Asset Management segment includes five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets and Principal Activities. Insurance segment is operated by Global Atlantic, which is a United States retirement and life insurance company that provides a suite of protection, legacy and savings products and reinsurance solutions to clients across individual and institutional markets. Global Atlantic offers individuals fixed-rate annuities and others. Strategic Holdings segment represents its participation in its core private equity strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KKR and Singtel to Acquire Remaining Stake in STT GDC for S$6.6 Billion
- Acquisition Overview: KKR and Singtel have agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion, with an enterprise value of approximately S$13.8 billion, reflecting strong demand and growth potential in the data center market.
- Equity Structure Change: Following the transaction, KKR and Singtel will hold 75% and 25% stakes in STT GDC, respectively, factoring in the conversion of existing redeemable preference shares, thereby solidifying their market position in the data center industry.
- Market Outlook: Established in 2014, STT GDC has developed a design capacity of 2.3GW across 12 major markets in Asia Pacific, the UK, and Europe, providing high-quality colocation, connectivity, and round-the-clock support to meet the growing digital demand.
- Transaction Timeline: The acquisition is expected to close in the first half of 2026, subject to customary closing conditions including regulatory approvals, indicating both parties' confidence in future market developments and strategic positioning.
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KKR and Singtel to Acquire STT GDC for $5.1 Billion
- Significant Deal Size: KKR and Singapore Telecommunications are acquiring an 82% stake in ST Telemedia Global Data Centres for S$6.6 billion ($5.1 billion), valuing STT GDC at S$13.8 billion, reflecting strong confidence in the data center market.
- Infrastructure Investment: This acquisition marks KKR's largest infrastructure investment in the Asia Pacific, highlighting the surge in global demand for data centers driven by cloud computing needs, particularly from artificial intelligence, which is expected to further propel company growth.
- Market Expansion Potential: STT GDC operates across 12 markets in Asia Pacific, the UK, and Europe with a design capacity of 2.3 gigawatts, providing colocation, connectivity, and support services, thereby enhancing Singtel's competitiveness in the global data center market.
- Long-term Investment Theme: KKR's Asia Pacific co-head emphasizes that digital infrastructure remains one of the most compelling long-term investment themes globally, with STT GDC's diversified footprint and development pipeline promising substantial returns for investors.
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KKR and Singtel Acquire 82% Stake in STT GDC for $5.1 Billion
- Large Transaction: KKR and Singapore Telecommunications are acquiring the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion ($5.1 billion), valuing STT GDC at S$13.8 billion, reflecting a surge in data center demand driven by the rise of artificial intelligence.
- Strategic Investment Significance: This deal represents KKR's largest infrastructure investment in the Asia Pacific to date, positioning the firm to capitalize on the accelerating global demand for cloud computing and AI workloads in the rapidly expanding data center market.
- Market Expansion Potential: STT GDC operates across 12 markets in Asia Pacific, the UK, and Europe with a design capacity of 2.3 gigawatts, enhancing Singtel's competitive edge in the global data center market by providing services to hyperscalers and enterprise customers.
- Digital Infrastructure Outlook: David Luboff, co-head of KKR Asia Pacific, emphasized that digital infrastructure remains one of the most compelling long-term investment themes globally, with STT GDC's diversified footprint and development pipeline promising substantial returns for investors.
See More
KKR and Singtel to Acquire Remaining Stake in STT GDC for S$6.6 Billion
- Acquisition Overview: KKR and Singtel have agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion, with an enterprise value of approximately S$13.8 billion, reflecting strong demand and growth potential in the data center market.
- Equity Structure Change: Following the transaction, KKR and Singtel will hold 75% and 25% stakes in STT GDC, respectively, factoring in the conversion of existing redeemable preference shares, thereby solidifying their market position in the data center industry.
- Market Outlook: Established in 2014, STT GDC has developed a design capacity of 2.3GW across 12 major markets in Asia Pacific, the UK, and Europe, providing high-quality colocation, connectivity, and round-the-clock support to meet the growing digital demand.
- Transaction Timeline: The acquisition is expected to close in the first half of 2026, subject to customary closing conditions including regulatory approvals, indicating both parties' confidence in future market developments and strategic positioning.
See More
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- Competitor Insights: Nvidia CEO Jensen Huang stated in an interview that there is 'no drama' regarding the company's $100 billion investment in OpenAI, which is currently 'on ice', indicating that Nvidia's strategic positioning in the AI sector is still ongoing, potentially impacting AMD's competitive edge.
- Market Performance: On Tuesday, major U.S. indexes fell, with the S&P 500 down 0.84%, the Dow Jones Industrial Average down 0.34%, and the Nasdaq Composite slumping 1.43% due to weakness in software stocks, highlighting investor caution towards tech equities amid broader market volatility.
- Geopolitical Risks: Renowned investor Ray Dalio warned that the world is 'on the brink' of a capital war, as escalating geopolitical tensions and increased market volatility could have profound implications for tech stocks and the overall market, prompting investors to closely monitor these developments.
See More
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- Mining Stocks Surge: Ahead of the upcoming U.S. mining conference, MP Materials saw a 9.3% increase, with a nearly 30% rise year-to-date in 2026, indicating heightened market interest and demand for critical minerals, which may drive future investments and expansions for the company.
- Software Sector Decline: The S&P Software and Services sector dropped nearly 4% on Tuesday, with Cognizant plummeting 10%, reflecting investor concerns over the impact of artificial intelligence, which could undermine confidence in software companies and affect their growth potential moving forward.
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KKR and Singtel to Acquire STT GDC for $5.1 Billion
- Significant Deal Size: KKR and Singapore Telecommunications are acquiring an 82% stake in ST Telemedia Global Data Centres for S$6.6 billion ($5.1 billion), valuing STT GDC at S$13.8 billion, reflecting strong confidence in the data center market.
- Infrastructure Investment: This acquisition marks KKR's largest infrastructure investment in the Asia Pacific, highlighting the surge in global demand for data centers driven by cloud computing needs, particularly from artificial intelligence, which is expected to further propel company growth.
- Market Expansion Potential: STT GDC operates across 12 markets in Asia Pacific, the UK, and Europe with a design capacity of 2.3 gigawatts, providing colocation, connectivity, and support services, thereby enhancing Singtel's competitiveness in the global data center market.
- Long-term Investment Theme: KKR's Asia Pacific co-head emphasizes that digital infrastructure remains one of the most compelling long-term investment themes globally, with STT GDC's diversified footprint and development pipeline promising substantial returns for investors.
See More
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- Record Merger Valuation: The merger between xAI and SpaceX achieves a groundbreaking valuation of $1.25 trillion, with SpaceX valued at $1 trillion and xAI at $250 billion, fundamentally reshaping the landscape of the tech and aerospace industries.
- New Disney CEO Announcement: Disney has appointed Josh D'Amaro as its next CEO, effective March 18, succeeding Bob Iger, which could significantly influence Disney's strategic direction and market performance moving forward.
- Software Stocks Decline: U.S. software and asset management stocks experienced a downturn on Tuesday, leading major indexes lower, with the S&P 500 dropping 0.84%, reflecting market concerns about the potential impact of artificial intelligence on the value of software companies.
- Capital War Warning: Investor Ray Dalio warned at the World Governments Summit in Dubai that the world is on the brink of a capital war, as escalating geopolitical tensions could lead to the weaponization of capital, affecting global market stability.
See More
KKR and Singtel Acquire 82% Stake in STT GDC for $5.1 Billion
- Large Transaction: KKR and Singapore Telecommunications are acquiring the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion ($5.1 billion), valuing STT GDC at S$13.8 billion, reflecting a surge in data center demand driven by the rise of artificial intelligence.
- Strategic Investment Significance: This deal represents KKR's largest infrastructure investment in the Asia Pacific to date, positioning the firm to capitalize on the accelerating global demand for cloud computing and AI workloads in the rapidly expanding data center market.
- Market Expansion Potential: STT GDC operates across 12 markets in Asia Pacific, the UK, and Europe with a design capacity of 2.3 gigawatts, enhancing Singtel's competitive edge in the global data center market by providing services to hyperscalers and enterprise customers.
- Digital Infrastructure Outlook: David Luboff, co-head of KKR Asia Pacific, emphasized that digital infrastructure remains one of the most compelling long-term investment themes globally, with STT GDC's diversified footprint and development pipeline promising substantial returns for investors.
See More
