US Giant KKR to Buy $1.1 Billion Stake in SingTel’s Data Center Unit
Singapore Telecommunications (SingTel) announced on Monday that US global investment firm KKR will be buying a 20% stake in its regional data center arm, in a deal worth $1.1bn (US$807mn). The acquisition, which is due to be completed in the fourth quarter of 2023, puts the enterprise value of SingTel’s overall regional DC business at […]
Saudi Call signs MoU with China’s LMT and CMI to build Data Centers
Saudi Call, an Information and Communications Technology (ICT) provider from Saudi Arabia, has announced ambitious plans to build data centers across the middle eastern kingdom, in association with two Chinese companies. Saudi Call has signed a Memorandum of Understanding (MoU) with Shanghai Lumaotong Group (LMT) and China Mobile International Ltd. (CMI) to build Tier 3 […]