Singapore Telecommunications Limited (SNGNF)
- Reuters
KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres
(Reuters) -A consortium of U.S. investment firm KKR and Singapore Telecommunications will invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres, one of Asia's biggest data centre providers, the parties said on Tuesday. Reuters reported in late May that the KKR-SingTel consortium had emerged as the frontrunner to buy a minority stake worth some $1 billion in Singapore-based ST Telemedia Global Data Centres (STT GDC).
- Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
A consortium of U.S. 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. The potential investment in ST Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence.
- Reuters
SingTel annual profit more than halves on $2.3 billion impairment hit
(Reuters) -Singapore Telecommunications' annual net profit more than halved on Thursday, hit by a previously announced S$3.1 billion ($2.30 billion) impairment charge, most of which relates to its Australian unit Optus. Optus, Australia's No.2 telecom operator, has been one of Singtel's biggest investments overseas but it has recently drawn public ire over court cases amid a cyber attack in 2022, a massive network outage and falling carriage revenue on increased costs. The S$3.1 billion charge includes a S$2 billion provision on goodwill of Optus while S$470 million relates to Optus' enterprise fixed access network assets.
