No longer a ‘boring’ telco: Singtel’s multibillion-dollar data centre bet with KKR to power its transformation
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Singtel is set to transform its business with a S$13.8 billion deal involving KKR for ST Telemedia Global Data Centres. Following reports of the consortium nearing a deal, Singtel's shares rose by 1.1% on February 2 and surged another 4.7% to close at S$4.86 the next day. The deal has attracted interest from sovereign wealth funds GIC and Mubadala as potential minority co-investors, with shares opening at S$4.95 after the announcement.
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