KKR, Singtel, Tata Communications to sell STT Global Data Centres India at over $5.5-B valuation

Private equity firm KKR, telecommunications company Singtel, and Tata Communications have initiated plans to sell their collective stake in STT Global Data Centres India . The shareholders are seeking a valuation in excess of USD 5.5 Billion for the company, which is currently one of the top three co-location service providers in the country.Advisors have been appointed for the sale process, which is expected to attract interest from global data centre operators, Indian conglomerates, and financial sponsors.Founded as a joint venture, STT Global Data Centres India operates 34 data centres across 10 locations, with a total capacity of 613 MW. The company serves a diverse client base, including hyperscalers, cloud service providers, and financial institutions, with its top 10 customers accounting for approximately 76% of its total revenue.