Dow Jones Newswires: KKR to buy 20% stake in Singtel’s data-center business

Private-equity firm KKR has agreed to buy a 20% stake in the regional data-center business of Singapore Telecommunications for 1.1 billion Singapore dollars (US$800.0 million).

The telecom company said Monday that the investment to be made by a fund managed by KKR puts the enterprise value of Singtel’s overall regional data-center business at S$5.5 billion.


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