Mubadala in talks to join $10bn Singapore data centre buyout

Abu Dhabi’s Mubadala Investment Co is reportedly in discussions to join a consortium seeking to buy Singapore-based data centre operator STT GDC.

Singapore’s GIC is also in talks to join the group, with the possibility of the sovereigns participating as minority co-investors, Bloomberg reported, citing unidentified sources. The consortium is led by US private equity firm KKR & Co.

A potential deal may value STT GDC at more than $10 billion, including debt, the report said.

The consortium is working to finalise the buyout details, which are expected to be announced as early as this week.

In a statement published on the Singapore Exchange, Singapore Telecommunications (Singtel), a consortium member, said it was in advanced talks regarding STT GDC but there was no certainty of a definitive agreement.

KKR and Singtel are investors in STT GDC, having acquired a minority stake in 2025 for $1.3 billion, the news agency reported.

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STT GDC operates more than 100 data centres across 20 markets, including India, South Korea, Japan, Malaysia, the UK, Italy and Germany. 

Last month Mubadala group CEO Khaldoon Al Mubarak said the $330 billion wealth fund was targeting opportunities in artificial intelligence and robotics, viewing the sectors as a major source of industrial growth.

The United Arab Emirates has also joined Pax Silica, a month-old US-led coalition that aims to secure cross-border infrastructure and supply chains for the AI era.

Mubadala, ADQ and AI-focused developers and investors such as G42 and MGX are engaging with a range of US partners, from Nvidia to OpenAI, in an effort to win the global technology race.