All posts tagged: data centres

Singtel and KKR consortium to buy remaining stake in ST Telemedia Global Data Centres for S.6 billion

Singtel and KKR consortium to buy remaining stake in ST Telemedia Global Data Centres for S$6.6 billion

SINGAPORE: Singtel said on Wednesday (Feb 4) that a consortium it is part of with private equity firm KKR will acquire an 81.7 per cent stake in Temasek Holdings’ data centre business for S$6.6 billion (US$5.2 billion). Singtel will invest about S$740 million in the transaction and will hold a 25 per cent stake in ST Telemedia Global Data Centres (STT GDC) following deal completion, according to a regulatory filing.  KKR will hold the remaining 75 per cent. The deal values STT GDC, wholly owned by Temasek, at an enterprise value of S$13.8 billion and comes as global investment in the sector surges due to the rising demand for computing capacity, driven by artificial intelligence (AI). Singtel Group Chief Financial Officer Arthur Lang said: “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure … STT GDC’s diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach.” Reuters reported in November last year, citing sources, that KKR and …

Uncovered: Secret room beneath Chinese embassy that poses threat to City

Uncovered: Secret room beneath Chinese embassy that poses threat to City

China is to build a hidden chamber alongside Britain’s most sensitive communication cables as part of a network of 208 secret rooms beneath its new London “super-embassy”, The Telegraph can reveal. This newspaper has uncovered detailed plans for an underground complex below the vast diplomatic site in central London, which Beijing has sought to keep from public scrutiny. Despite the apparent security risk, Sir Keir Starmer is expected to approve the embassy before a visit to China later this month, when he is due to meet Xi Jinping, the Chinese president. The plans, which are redacted in all publicly available versions, can only be revealed because The Telegraph has uncovered the unredacted documents. The drawings show that a single concealed chamber will sit directly alongside fibre-optic cables transmitting financial data to the City of London, as well as email and messaging traffic for millions of internet users. The same hidden room is fitted with hot-air extraction systems, possibly suggesting the installation of heat-generating equipment such as advanced computers used for espionage. The plans also show …