Tag: KKR

KKR has acquired a 20% stake in SingTel's regional data centre business for S$1.1 billion (US$806.87 million). The deal values SingTel's regional data centre business at S$5.5 billion (US$4.03 billion) and the proceeds will be used to expand the data centre business across Southeast Asian markets, including Singapore, Indonesia and Thailand. The deal comes amid growing global investors' demand for infrastructure assets across Southeast Asia, lured by the region's growth prospects and the sector's stable and long-term returns.