KKR takes $800 million stake in Singtel’s data centre ops

Private equity’s appetite for telco infrastructure shows no signs of abating despite the current economic climate, with KKR splashing out on a chunk of Singtel’s data centre business.
The US-based investment fund has agreed to pay S$1.1 billion ($800 million) for a 20% stake, valuing the Singtel Digital InfraCo at S$5.5 billion in total. Singtel said the investment will help fund its regional expansion.
Singtel offers colocation, connectivity and value-added services (VaS) to enterpr