(Reuters) -U.S. investment firm KKR is in talks to buy Singapore-based ST Telemedia Global Data Centres in a deal that could value the Asian infrastructure provider at more than $5 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.

KKR and STT declined to comment to Reuters' requests for comments on the report.

KKR is already a backer of the closely held data center company with a 14.1% stake, Bloomberg News reported.

In 2024, a consortium of KKR and Singapore Telecommunications invested S$1.75 billion ($1.37 billion) in ST Telemedia, whose businesses include data centres and infrastructure technology.

($1 = 1.2809 Singapore dollars)