KKR Makes AI Play With $10.9B Asia Data-Center Deal

Dow Jones07:41

By P.R. Venkat and Fabiana Negrin Ochoa

A KKR-led consortium has agreed to acquire a Singapore data-center company valued at $10.9 billion, marking the U.S. firm's largest Asia-Pacific infrastructure investment, as the artificial intelligence frenzy fuels demand for such assets.

The consortium, which includes Singapore telecommunications company Singtel, will buy a stake not already owned in ST Telemedia Global Data Centres from its parent, the companies said Wednesday. The Wall Street Journal reported on Sunday about the potential deal.

The KKR-led group already owns a minority stake in STT GDC that it acquired from parent ST Telemedia for $1.3 billion in 2024.

Under the terms of the deal, KKR's will hold a 75% stake in the data-center operator, with Singtel owning the remainder.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

February 03, 2026 18:41 ET (23:41 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2608381376?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-04 07:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2608381376","market":"other","top_or_hot":-1,"title":"KKR Makes AI Play With $10.9B Asia Data-Center Deal","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By P.R. Venkat and Fabiana Negrin Ochoa \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  A KKR-led consortium has agreed to acquire a Singapore data-center company valued at $10.9 billion, marking the U.S. firm's largest Asia-Pacific infrastructure investment, as the artificial intelligence frenzy fuels demand for such assets. \n</p>\n<p>\n  The consortium, which includes Singapore telecommunications company Singtel, will buy a stake not already owned in ST Telemedia Global Data Centres from its parent, the companies said Wednesday. The Wall Street Journal reported on Sunday about the potential deal. \n</p>\n<p>\n  The KKR-led group already owns a minority stake in STT GDC that it acquired from parent ST Telemedia for $1.3 billion in 2024. \n</p>\n<p>\n   Under the terms of the deal, KKR's will hold a 75% stake in the data-center operator, with Singtel owning the remainder. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to P.R. Venkat at venkat.pr@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2026 18:41 ET (23:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KKR Makes AI Play With $10.9B Asia Data-Center Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKKR Makes AI Play With $10.9B Asia Data-Center Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-04 07:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By P.R. Venkat and Fabiana Negrin Ochoa \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  A KKR-led consortium has agreed to acquire a Singapore data-center company valued at $10.9 billion, marking the U.S. firm's largest Asia-Pacific infrastructure investment, as the artificial intelligence frenzy fuels demand for such assets. \n</p>\n<p>\n  The consortium, which includes Singapore telecommunications company Singtel, will buy a stake not already owned in ST Telemedia Global Data Centres from its parent, the companies said Wednesday. The Wall Street Journal reported on Sunday about the potential deal. \n</p>\n<p>\n  The KKR-led group already owns a minority stake in STT GDC that it acquired from parent ST Telemedia for $1.3 billion in 2024. \n</p>\n<p>\n   Under the terms of the deal, KKR's will hold a 75% stake in the data-center operator, with Singtel owning the remainder. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to P.R. Venkat at venkat.pr@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2026 18:41 ET (23:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999013460.SGD","symbol_name":"LionGlobal Singapore Dividend Equity Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608381376","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608381376","pubTimestamp":1770162060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"A KKR-led consortium has agreed to acquire a Singapore data-center company valued at $10.9 billion, marking the U.S. firm's largest Asia-Pacific infrastructure investment, as the artificial intelligence frenzy fuels demand for such assets.The consortium, which includes Singapore telecommunications company Singtel, will buy a stake not already owned in ST Telemedia Global Data Centres from its parent, the companies said Wednesday. The Wall Street Journal reported on Sunday about the potential deal.The KKR-led group already owns a minority stake in STT GDC that it acquired from parent ST Telemedia for $1.3 billion in 2024.Under the terms of the deal, KKR's will hold a 75% stake in the data-center operator, with Singtel owning the remainder.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","SG9999002406.SGD":"利安新加坡信托基金","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","BK4588":"碎股","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","KKR":"KKR & Co L.P.","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","BK6513":"电信服务股","SGXZ86797644.SGD":"MAYBANK ASIAN GROWTH AND INCOME-I \"A\" (SGDHDG) INC","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","BK6523":"ESG概念","LU0048573645.USD":"富达东盟基金","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0648948544.HKD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AM\" (HKD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SGAPY":"Singapore Telecommunications Ltd.","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD"},"translate_title":"KKR通过10.9 B美元的亚洲数据中心交易让人工智能发挥作用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KKR":1.5,"SGAPY":0.9},"content_text":"By P.R. Venkat and Fabiana Negrin Ochoa \n\n\n \n\n\n  A KKR-led consortium has agreed to acquire a Singapore data-center company valued at $10.9 billion, marking the U.S. firm's largest Asia-Pacific infrastructure investment, as the artificial intelligence frenzy fuels demand for such assets. \n\n\n  The consortium, which includes Singapore telecommunications company Singtel, will buy a stake not already owned in ST Telemedia Global Data Centres from its parent, the companies said Wednesday. The Wall Street Journal reported on Sunday about the potential deal. \n\n\n  The KKR-led group already owns a minority stake in STT GDC that it acquired from parent ST Telemedia for $1.3 billion in 2024. \n\n\n   Under the terms of the deal, KKR's will hold a 75% stake in the data-center operator, with Singtel owning the remainder. \n\n\n \n\n\n  Write to P.R. Venkat at venkat.pr@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2026 18:41 ET (23:41 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608381376","isCrawlerRequest":true}