STT GDC Acquisition: KKR and Singtel Pay $5.2 Billion for Full Control

In a major move across the world’s data center industry, STT GDC, short for ST Telemedia Global Data Centres, is being fully acquired by a consortium led by U.S. private equity giant KKR and Singapore’s biggest telecom operator, Singtel. The deal is worth S$6.6 billion (about $5.2 billion) and marks one of the largest technology infrastructure transactions in Southeast Asia.