After picking up nearly 15 percent of the company last year
US investment firm KKR & Co. is in talks to acquire ST Telemedia Global Data Centres.
The deal, reported by Bloomberg, could value the Asian data center company at more than $5 billion.
The sale could happen within weeks, but it is not guaranteed.
KKR already owns a 14.1 percent stake in STT GDC, after it partnered with Singtel to invest S$1.75bn (US$1.4bn) in the company last year.
STT GDC operates, or is building, data centers in India, Indonesia, Japan, the Philippines, Singapore, South Korea, Thailand, the United Kingdom, Germany, Malaysia, Vietnam, and Italy.
KKR owns data center operator CyrusOne alongside BlackRock-owned GIP, and is backing European operator GTR. It acquired a 20 percent stake in Singtel’s data center business for $800 million in 2023. That year, it acquired liquid cooling company CoolIT alongside Mubadala.
