ST Telemedia Global Data Centres Acquisition, Valuation, Funding & Investors

ST Telemedia Global Data Centres was acquired by KKR for $5.2B in February 2026.

ST Telemedia Global Data Centres acquisition price

$5.2B

Acquired by KKR · Feb 2026

Cumulative funding ST Telemedia Global Data Centres raised

$1.3B

across 1 funding round

Key investors in ST Telemedia Global Data Centres

ST Telemedia Global Data Centres Overview

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres is a Singapore-headquartered provider of colocation, cloud, and connectivity services operating over 100 data centers across 12 cities in Asia Pacific, Europe, and the United States. With more than 500 megawatts of IT load capacity, it serves hyperscalers, enterprises, and financial institutions through facilities in Singapore, Hong Kong, China, India, and beyond, featuring Tier III+ certifications, renewable energy integration, and submarine cable connectivity.


Founded

2014

HQ

SingaporeSingapore

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Valuation

$11B (Feb 2026)

ST Telemedia Global Data Centres Acquisition

ST Telemedia Global Data Centres was acquired by KKR for $5.2B on 3 February 2026.

Before the acquisition ST Telemedia Global Data Centres had raised $1.3B across 1 funding round.

ST Telemedia Global Data Centres acquisition details
AcquirerDateTypePrice
3 Feb 2026PE buyout$5.2B

ST Telemedia Global Data Centres Valuation

ST Telemedia Global Data Centres is currently valued at $11B, based on its secondary sale in February 2026.

The round was led by Singtel.

ST Telemedia Global Data Centres valuation by funding round

ST Telemedia Global Data Centres valuation by funding round
DateStageValuation
Feb 2026Secondary$11B

ST Telemedia Global Data Centres Funding History

ST Telemedia Global Data Centres has raised a total of $1.3B across 1 funding round, plus 1 secondary share sale.

ST Telemedia Global Data Centres funding rounds

ST Telemedia Global Data Centres funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2026SecondarySingtel (lead)-$11BST Telemedia Global Data Centres (STT GDC) is a leading data centre colocation services provider founded in 2014, operating over 100 data centres across 12 major markets in Asia-Pacific, Britain, and Europe, with 2.3 gigawatts of design capacity and a project pipeline exceeding 1.7GW. A KKR-led consortium including Singtel acquired the remaining 82% stake from ST Telemedia for S$6.6 billion (approximately US$5.1 billion) cash, implying an enterprise value of S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects. Post-transaction, KKR will own 75% and Singtel 25%, accounting for conversion of existing redeemable preference shares; Singtel invested about S$740 million. This full acquisition builds on KKR and Singtel's prior minority investment of $1.3 billion in June 2024 via preference shares and warrants, when the project pipeline was 1.4GW. The deal, announced February 4, 2026, marks one of Asia’s largest digital infrastructure transactions amid surging global demand for computing capacity driven by AI, with the data centre market expected to grow at 15% CAGR through 2027. STT GDC's portfolio enhances Singtel's Digital InfraCo unit, integrating with its fibre networks, subsea cables, and AI cloud services to position Singtel as a global data centre player.
Jun 2024Undisclosed stageKKR; Singtel$1.3B-ST Telemedia Global Data Centres (STT GDC), a leading data centre colocation services provider with over 100 data centres across Asia, UK, and Europe, raised S$1.75 billion (~US$1.3 billion) from a KKR-led consortium including Singtel on June 18, 2024, marking the largest digital infrastructure investment in Southeast Asia that year. The investment was structured as redeemable preference shares and warrants, with STT GDC's pipeline at 1.4GW at the time, growing to over 1.7GW subsequently. KKR and Singtel held minority stakes of about 14% and over 4% respectively post-investment. In February 2026, the same consortium agreed to acquire the remaining ~82% stake from ST Telemedia for S$6.6 billion (~US$5.1 billion), implying an enterprise value of S$13.8 billion (~US$10.9 billion) for the full company, resulting in KKR owning 75% and Singtel 25%. STT GDC's portfolio then featured 2.3GW of design capacity.

Who has invested in ST Telemedia Global Data Centres?

2 investors have backed ST Telemedia Global Data Centres across its funding rounds, including Singtel and KKR.

Lead investors include Singtel.


ST Telemedia Global Data Centres Investors

Investors in ST Telemedia Global Data Centres by funding rounds participated
InvestorHQRoundsRoleFirst check

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ST Telemedia Global Data Centres Competitors

ST Telemedia Global Data Centres competitors include listed companies like Rigetti, Wangsu, Core Scientific and Nextdc, and private ones like Khazna and Yotta Infrastructure.

Public and private companies comparable to ST Telemedia Global Data Centres
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RigettiUnited StatesUnited StatesPublicly listed$7M($225M)$5.3B265.6x
KhaznaUAEDubaiPrivate--$5.5B-
WangsuChinaChinaPublicly listed$695M$138M$5.5B6.0x
Core ScientificUnited StatesUnited StatesPublicly listed$319M($211M)$5.5B13.9x
NextdcAustraliaAustraliaPublicly listed$353M$138M$6B19.2x
Yotta InfrastructureIndiaMumbaiPrivate--$4.4B-

ST Telemedia Global Data Centres Public Comps

ST Telemedia Global Data Centres is no longer listed, but its public comps include Rigetti, Wangsu, Core Scientific, Insight Enterprises, Nextdc, Galaxy Digital, Fujian Star-Net, GDS Holdings, Ionic Digital and Lumen.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rigetti$7M($225M)698.5x265.6x(22.0x)(69.4x)
Wangsu$695M$138M6.4x6.0x32.6x30.5x
Core Scientific$319M($211M)25.2x13.9x(38.1x)50.7x
Insight Enterprises$8.2B$417M0.7x0.7x14.2x9.8x
Nextdc$353M$138M21.9x19.2x56.0x38.3x
Galaxy Digital$60B($177M)0.1x0.2x(43.3x)(182.6x)
Fujian Star-Net$2.9B$194M1.8x1.5x26.6x15.9x
GDS Holdings$1.7B$882M6.8x6.3x13.1x13.6x

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Common questions about ST Telemedia Global Data Centres

When was ST Telemedia Global Data Centres founded?ST Telemedia Global Data Centres was founded in 2014.
Where is ST Telemedia Global Data Centres headquartered?ST Telemedia Global Data Centres is headquartered in Singapore, Singapore.
Is ST Telemedia Global Data Centres publicly listed?No, ST Telemedia Global Data Centres was acquired by KKR in February 2026.
Who acquired ST Telemedia Global Data Centres?ST Telemedia Global Data Centres was acquired by KKR in February 2026.
How much was ST Telemedia Global Data Centres acquired for?ST Telemedia Global Data Centres was acquired for $5.2B in February 2026.
What is ST Telemedia Global Data Centres' valuation?ST Telemedia Global Data Centres was last valued at $11B in its secondary sale in February 2026.
How much funding has ST Telemedia Global Data Centres raised?ST Telemedia Global Data Centres has raised $1.3B across 1 funding round.
What was ST Telemedia Global Data Centres' last funding round?ST Telemedia Global Data Centres' last funding round was a $1.3B undisclosed-stage round in June 2024.
Who are ST Telemedia Global Data Centres' investors?ST Telemedia Global Data Centres' investors include Singtel and KKR.
Which companies are comparable to ST Telemedia Global Data Centres?Companies comparable to ST Telemedia Global Data Centres include Rigetti, Khazna, Wangsu, Core Scientific, Nextdc and Yotta Infrastructure.

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