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By Rodrigo Santos Andrade
Telco Singtel and investment giant KKR are set to buy the remaining 82% stake of ST Telemedia Global Data Centres for S$6.6 billion. The deal will be one of the biggest
data centre transactions in Southeast Asia, intensifying the race for compute capacity.
Singtel says the move will allow it to be a stronger player in this space, and better capture growing digitalisation and AI demand. Hussaini Saifee – analyst with Maybank Securities Singapore, tells us why this acquisition matters for consumers.