STTGDC Completes Acquisition by KKR-Singtel Consortium, Accelerates Expansion of AI Data Center Business
TECHWORLD ·
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STTGDC completed its acquisition by a consortium led by KKR and joined by Singtel.
The company has secured long-term capital and financial flexibility, while keeping its existing growth strategy, management, operating principles and customer commitments.
STTGDC unveiled a new brand and 'Built Ready,' and it will continue its expansion and sustainability plans in India, Indonesia and Singapore.
STTGDC has entered a new growth phase after completing its acquisition by a consortium led by KKR and joined by Singtel. STTGDC announced the completion on the 4th.
The acquiring party is a consortium led by global investment firm KKR. The consortium consists of KKR-managed funds and Singtel.
Through the acquisition, STTGDC has secured long-term capital and financial flexibility. Based on that, it plans to leverage the consortium's global infrastructure experience while continuing its existing growth strategy and strengthening the foundation for sustained business expansion.
The company said it will maintain its existing growth strategy, which has guided its direction for more than 10 years, and will also continue its policy of retaining management and operating principles. It will likewise maintain its commitment to long-term promises to customers.
While keeping its existing name, STTGDC unveiled a new brand that reflects the scale of its business and the capabilities of its global platform. Its core slogan is 'Built Ready,' which reflects its commitment to providing AI-Ready infrastructure with stability and resilience for customers across Asia, the U.K. and Europe.
Bruno Lopez, STTGDC's CEO and Group CEO, described the acquisition as the company's biggest turning point since its founding more than 12 years ago and a new beginning.
Bruno Lopez said the company has built a global platform with the scale, capabilities and operating foundation needed to support next-generation cloud and AI growth.
He added that, with investment from the KKR-Singtel consortium, the company will further expand its business and strengthen its ability to execute at scale, while maintaining the values and customer commitments it has upheld since its founding.
STTGDC continues to post business growth. From 2025 to 2026, operational capacity rose 25% to 780MW, contracted capacity increased 50% over the same period, and annualized EBITDA grew 30%. This shows that data center demand remains strong in the markets where STTGDC operates, with demand-led customer groups including hyperscalers, cloud service providers, AI customers and enterprise customers.
As AI spreads, the growing scale, density and complexity of data centers have made construction no longer a matter of simply securing capital and land, and the importance of infrastructure strategy has increased. As a result, infrastructure strategy is shifting toward a framework that takes into account power, cooling, design, supply chains, financing and local market conditions together.
In line with this trend, STTGDC said it is comprehensively reviewing customer demand, power availability, infrastructure readiness, policy direction and long-term market growth as criteria for expansion, and that the markets targeted for expansion are those where responsible development is possible. It also said that the amount of power that can be supplied to secured land, including assets under construction and planned for development, is about 2GW, and that its strategy is to deliver operational data center infrastructure that meets customer requirements.
Under this strategy, STTGDC is pursuing regional expansion. In India, it operates 10 cities and 34 data centers, with operating IT capacity of more than 613MW. Going forward, it plans to continue expanding the scale of its data centers in line with the growth of the digital economy.
In Indonesia, it is carrying out an expansion project for its Jakarta data center campus. It is also pursuing the development of more than 360MW of AI-Ready IT capacity based on secured power, in order to meet demand for cloud, AI and digital infrastructure.
In Singapore, a developer has been selected for a 50MW sustainable AI-Ready data center. The plan is intended to contribute to Singapore's growth as a key hub in AI, digital infrastructure and connectivity.
Sustainability was also presented as a key pillar of expansion. STTGDC sources 83.2% of its operating power from renewable energy, and it achieved its 2028 carbon intensity reduction target three years ahead of schedule.
Going forward, STTGDC plans to strengthen cooperation with governments, customers and local communities. It also plans to address key challenges in each region and steadily build and operate large-scale data center infrastructure needed for the expansion of AI and cloud.
Source: TECHWORLD · Park Kyu-chan
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406535
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Source: TECHWORLD
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