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flag A KKR-led group is close to buying ST Telemedia’s data center unit for over $10 billion.

flag A KKR-led consortium is nearing a deal to acquire ST Telemedia Global Data Centres, a Singapore-based data center operator, in a transaction valued at over $10 billion, according to the Wall Street Journal. flag The purchase, involving KKR and Singapore’s Singtel, would target the company from its parent, ST Telemedia, owned by Singapore’s state investor Temasek Holdings. flag The deal, if completed, would rank among Asia’s largest data center transactions, driven by rising demand for digital infrastructure due to artificial intelligence growth. flag ST Telemedia Global Data Centres operates over 100 data centers across more than 20 markets, including Singapore, India, Japan, and parts of Europe, with over 2 gigawatts of IT load capacity. flag KKR holds a 14% stake, Singtel owns over 4%, and no official comments were available from the involved parties.

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