KKR, Singtel And Tata Communications Explore Sale Of 34-Data-Centre Portfolio
What Happened
KKR, Singtel and Tata Communications are exploring the sale of STT GDC India at a valuation of more than $5.5 billion, according to the Economic Times. Advisers have been appointed to approach potential global operators, Indian conglomerates and financial investors. STT GDC India operates 34 data centres across 10 Indian locations with 613 MW of capacity. The shareholders had also been evaluating an Indian IPO at a valuation of around $6-7 billion.
Key Takeaways
A successful $5.5 billion-plus transaction would put one of India’s largest data-centre portfolios in play at a time of strong demand for digital infrastructure. The sale process is being explored and a transaction has not yet been announced as completed.