SEA Deal Ticker
Southeast Asia's compute landlord changes hands: KKR and Singtel close on STT GDC at $10.9B
The consortium bought ST Telemedia's remaining 82%, leaving KKR with 75% and Singtel 25%. STT GDC runs 780MW live and holds a pipeline above 1.7GW, including 360MW under build in Jakarta.
Positive-sum angle: Private equity now sets the rent on the racks that SEA's AI startups train on. Anyone with a GPU-heavy roadmap should price a landlord who answers to a fund, not a telco.