The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Bloomberg reported on February 1, 2024, that Apollo Global Management, Blackstone and Stonepeak Partners were among investors shortlisted to submit binding bids for a potential funding round at ST Telemedia Global Data Centres (STT GDC). A KKR-Singtel consortium was also selected. The proposed round, described as up to US$1 billion, was not then a completed transaction—and Bloomberg said it might not proceed. The later outcome was a KKR-Singtel investment followed by their acquisition of ST Telemedia’s remaining stake, completed in September 2026.
Who was reported on the 2024 shortlist?
Bloomberg News, in a report carried by Data Center Knowledge on February 1, 2024, named Apollo Global Management, Blackstone and Stonepeak Partners among the investors shortlisted to submit binding bids. It also reported that a consortium of KKR and Singtel had been selected. The report cited people familiar with the private process, who were not named. It did not establish that every shortlisted investor submitted a bid or advanced to a final round.
The reported fundraising target was up to US$1 billion, with binding bids expected in early April 2024. Bloomberg said the process could help establish a valuation benchmark for a possible initial public offering, but emphasized that deliberations were ongoing and the funding round was not guaranteed. The named firms and STT GDC declined or did not comment on specific details. Read the February 2024 report.
At the time, the report described STT GDC as managing more than 170 facilities across Singapore, India, China, Thailand, South Korea, Indonesia, Japan, the Philippines and the UK. That is a historical figure reported in 2024, not a current facility count.
#1 Best Overall
- Save valuable floor space: 6U wall mount server cabinet Dimensions: 13.78" H x21.65" W x17.72" D.Maximum mounting depth is 14.2"
- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access. Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punch-out panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
What happened after the shortlist report?
The reported potential funding round and the later transactions are distinct events. ST Telemedia announced definitive agreements for an initial KKR-led consortium investment with Singtel in June 2024. In 2026, KKR and Singtel agreed to acquire ST Telemedia’s remaining stake, and the acquisition subsequently closed.
| Date | Event | Amount and structure | Status |
|---|---|---|---|
| February 1, 2024 | Bloomberg reported a shortlist including Apollo, Blackstone, Stonepeak and the KKR-Singtel consortium. | Potential funding round of up to US$1 billion; binding bids were expected in early April. | Ongoing and not guaranteed to proceed, according to the report. |
| June 18, 2024 | ST Telemedia announced definitive agreements for an investment by the KKR-led consortium with Singtel. | S$1.75 billion initial investment through redeemable preference shares and warrants; a further S$1.24 billion was possible if warrants were exercised in full. | Definitive agreements announced; the additional amount was conditional on full warrant exercise. |
| February 4, 2026 | KKR and Singtel agreed to acquire ST Telemedia’s remaining 82% stake. | S$6.6 billion consideration; S$13.8 billion implied enterprise value, including leverage and capital expenditure for committed projects. Planned ownership after completion: 75% KKR and 25% Singtel. | Agreed, pending completion. |
| September 2, 2026 | STT GDC announced the acquisition’s completion. | The completed acquisition was by the KKR-led consortium; the company said it would retain the STT GDC name. | Completed. |
What the later deal means for the other shortlisted investors
The confirmed transaction record identifies KKR and Singtel as the investors that first invested and then acquired ST Telemedia’s remaining 82% stake. The available announcements do not say whether Apollo, Blackstone or Stonepeak submitted bids, withdrew, or took part in later negotiations. Their appearance on the reported 2024 shortlist should not be treated as evidence that they made an offer or became owners.
Rank #2
- Save valuable floor space: 12U wall mount server cabinet Dimensions: 24.25" H x21.65" W x17.72" D. MAXIMUM MOUNTING DEPTH is 14.2".
- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access; Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punchout panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
In its September 2, 2026 completion announcement, STT GDC reported 780MW of operational capacity. The company said operational capacity rose 25%, contracted capacity rose 50%, and annualised EBITDA rose 30% from December 2025 to June 2026. These are company-reported operating changes for that specific period, not measures of the investors’ returns. See STT GDC’s completion announcement.
Quick Recap
Rank #3
- Sturdy:4u server rack is construct from cold rolled steel, with a weight capacity of 110lbs(50kg); Electrostatic powder coat prevents rust and corrosion,quality finish
- Direct use:Open and use, not having to assemble it.Network rack can be placed flat or mounted on the wall,also can be installed vertically under the table
- Design Features:maximum mounting depth of 14 in,cables can be fixed on the side panel;Open frame server rack achieves effortless inspection, replacement and assemble
- Installation:wall mount network rack is easy to install,with instructions or videos for reference;Equipped with multiple accessories, suitable for different needs
- Application:EIA/ECA-310-E Compliant;wall mounted 4u rack fits all 19" racks and cabinets to hold various IT, network, and AV equipment;wall mount rack available in 4U, 6U, and 8U to choose
Primary transaction announcements
- ST Telemedia’s June 18, 2024 announcement describes the initial S$1.75 billion investment and the conditional additional S$1.24 billion upon full warrant exercise.
- The February 4, 2026 transaction announcement sets out the planned acquisition of the remaining stake, consideration and post-completion ownership.
- STT GDC’s September 2, 2026 announcement confirms completion.
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