KKR-SingTel consortium in lead to buy $1b stake in data centre provider STT GDC: report

KKR-SingTel consortium in lead to buy $1b stake in data centre provider STT GDC: report

A Singtel booth is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga

A consortium of US investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia’s biggest data centre providers, two sources said.