KKR and Singtel to acquire remaining stake in data center firm STT GDC for over $5 billion
A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018.Brendan McDermid | ReutersPrivate equity firm KKR and Singapore Telecommunications will acquire the remaining 82% stake in data center operator ST Telemedia Global Data Centres for 6.6 billion Singapore dollars ($5.1 billion), KKR said in a statement on Wednesday.The deal pegs STT GDC's enterprise value at S$13.8 billion and comes at a time when there has been a jump in data center demand led by the boom in artific...
Read more at cnbc.com