Sizzling valuations are no bar for Asia data centre deals as AI growth beckons

Quick Summary:

KKR bought a 20 per cent stake in the Asian data center of Singtel for $1.1 billion in 2023 and partnered Singtel to invest $1.75 billion in ST Telemedia Global Data Centres in June.

In another example, Australia’s HMC Capital said on Nov.21 that strong interest from investors had led the company to upsize the IPO of its data centres business DigiCo REIT by A$100 million to A$2.75 billion.

BDx, an Asia Pacific data centre operator backed by US-headquartered I Square Capital, declined to comment.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaHong KongIndonesia

Topics: Centre Pacific Data Centres Earnings Process Valuations Billion Capacity Asia Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-12-04 @ 13:30:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 835 words

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