KKR sees no let-up in AI-driven infrastructure boom after STT GDC deal
Deep pools of private capital are chasing data centres, one of Asia’s most capital-intensive asset classes
[SINGAPORE] Digital infrastructure is soaking up enormous amounts of capital, with most of that money going to data centres, thanks to the insatiable demand for artificial intelligence.
Case in point: the KKR-Singtel acquisition of ST Telemedia Global Data Centres (STT GDC). The recently announced deal, which is for the interest that the companies do not already own, values STT GDC at S$13.8 billion.
This makes it one of the largest digital infrastructure transactions in South-east Asia.
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