Singtel (Singapore Telecommunications Limited (SGX:Z74)) confirmed that it is in talks over ST Telemedia Global Data Centres (STT DGC), following media reports that the telco and private equity firm KKR & Co. Inc. (NYSE:KKR) are in advanced discussions to acquire about 80% of the data centre operator. "Singtel, as part of a consortium, is having ongoing discussions in relation to STT GDC," the telco said in a filing with the Singapore Exchange on Nov.
7, before the stock market opened. "There is no certainty that such discussions will lead to any definitive or binding agreement," Singtel said, adding that it regularly explores and reviews business opportunities, projects and proposals. Singtel said it will make an announcement if and when there are any material developments that warrant disclosure, and that investors should exercise caution in their review of any media reports relating to potential transactions ahead of any definitive announcement.
KKR declined to comment in response to queries from The Straits Times.
