---
title: "No longer a ‘boring’ telco: Singtel’s S$13.8 billion data centre bet with KKR to power its transformation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274759841.md"
description: "Singtel is set to transform its business with a S$13.8 billion investment in ST Telemedia Global Data Centres, partnering with KKR. Following reports of the deal, Singtel's shares rose 1.1% on February 2 and surged another 4.7% to close at S$4.86 the next day. The consortium may also include GIC and Mubadala as minority co-investors. The stock opened at S$4.95 on February 3 after the announcement."
datetime: "2026-02-04T05:40:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274759841.md)
  - [en](https://longbridge.com/en/news/274759841.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274759841.md)
generator: "portal-rs"
---

# No longer a ‘boring’ telco: Singtel’s S$13.8 billion data centre bet with KKR to power its transformation

\[SINGAPORE\] When the market whispers about a S$13 billion deal, people usually listen. But when Singtel and private equity giant KKR are the ones doing the talking – and the target is ST Telemedia Global Data Centres (STT GDC) – the market doesn’t just listen; it rallies.

Singtel shares climbed 1.1 per cent on Monday (Feb 2) on reports over the weekend that a KKR-Singtel consortium was nearing a deal. Sovereign wealth funds GIC from Singapore and Mubadala from Abu Dhabi were also said to be in talks to join as minority co-investors.

As anticipation built, shares of the Singapore-listed telecom company soared another 4.7 per cent on Tuesday to close at S$4.86. It opened at S$4.95 on Wednesday after the deal was announced earlier in the morning.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**