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Z74 Singtel
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About Singtel Company
Singapore Telecommunications is Singapore's leading telecoms company. It owns extensive wired and wireless networks offering data and voice services to a broad customer base. Singtel's diverse investment portfolio spreads across the region. The firm wholly owns Optus in Australia and minority equity stakes in Airtel (29%) in India; Telkomsel (35%) in Indonesia; Globe Telecom (47%) in the Philippines; and Advanced Information Services (23%) and Intouch (21%) in Thailand. Singtel is majority-owned by the Singapore government.
News
Singtel's New KKR Partnership May Have Minimal Earnings Impact -- Market Talk
0433 GMT - Singtel's recent deal for KKR to take a 20% stake in its regional data center business will likely have minimal impact on UOB Kay Hian's FY 2024 net profit estimates for the company, the brokerage's analysts write in a research note.
KKR (KKR.US) buys 20% stake in Singtel's data center division for 800 million US dollars
According to the deal, the business value of the Singapore Telecom subsidiary is approximately S$5.5 billion.
KKR to Acquire 20% Stake in Singtel’s Regional Data Centre Business Valued at S$5.5 Billion
SINGAPORE--(BUSINESS WIRE)--Singtel, Asia's leading communications technology group, and leading global investment firm KKR have reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (~US$800 million) for a 20% stake in Singtel’s regional data centre business. This investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion. KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation.