KKR to acquire 20% stake in SingTel’s regional data centre business for nearly $800 mn

NEW DELHI: Singapore Telecommunications (SingTel) has signed a definitive agreement under which a fund managed by investment firm KKR will commit up to SGD$1.1 billion (~$800 million) for a 20% stake in Singtel’s regional data centre business.

SingTel said in a statement that this investment puts the enterprise value of its regional data centre business at SGD $5.5 billion.