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Singtel to sell 20% stake in regional data centre business valued at $5.5 bil

September 19, 2023 /0 Comments/in Misc /by championswaycondo

Singtel Telecommunications (Singtel) Z74 2.07% has announced that it will sell a 20% stake of its regional data centre business to global investment firm KKR. The cash commitment on the part of KKR will total up to $1.1 billion, consequently valuing Singtel’s regional data centre business at $5.5 billion. This figure is around 60% higher […]