KKR, Singtel Consortium to Pay $5.2B for STT GDC Control

[Para 1: The Lead] KKR and Singtel consortium to pay $5.2 billion in cash for 82% stake in STT GDC, valuing the Singapore-based data center operator at $13.8 billion. The deal, the largest M&A in Singapore in four years, is expected to close in early 2026, boosting AI computing and cloud services demand. [Para 2-3: Supporting details & Context] The acquisition, announced on February 4, 2026, is valued at $6.6 billion, with KKR and Singtel holding 75% and 25% stakes, respectively. The transaction is funded through $5 billion in debt facilities and internal cash resources. STT GDC, with 2.3 gigawatts of design capacity across 12 markets, is a leading provider of data center services. The deal is part of the growing investment in digital infrastructure, with KKR and Singtel first investing $1.75 billion in 2024.