By Yantoultra Ngui and Kane Wu
SINGAPORE/HONG KONG, Nov 6 (Reuters) - KKR & Co ( KKR )
and Singapore Telecommunications are in advanced talks
to buy more than 80% of ST Telemedia Global Data Centres - which
would give them full ownership - for over S$5 billion ($3.9
billion), two people with direct knowledge of the plans said.
KKR currently owns about 14% of the firm while Singtel has a
stake of more than 4%. The rest of the company is held by ST
Telemedia, which is wholly owned by Singapore state investor
Temasek Holdings.
KKR and ST Telemedia Global Data Centres declined to
comment. ST Telemedia and Singtel did not immediately respond to
Reuters queries.
If successful, the deal would rank among Asia's biggest data
centre transactions, with the boom in artificial intelligence
creating soaring demand for digital infrastructure.
The sources declined to be identified as the matter is
private.