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
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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