KKR’s Bold Move: Acquiring Singtel’s Data Centre Business
The appetite of private equity for telecommunications infrastructure continues unabated, regardless of the prevailing economic conditions. The US-based investment fund, KKR, has recently exhibited this trend by acquiring a segment of Singtel’s data centre business. KKR has made a commitment to pay S$1.1 billion ($800 million) for a 20% interest, thereby valuing the Singtel Digital…