Now Reading: KKR, Singtel and Tata Group put STT GDC India on sale for $5 billion
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KKR, Singtel and Tata Group put STT GDC India on sale for $5 billion
KKR, Singtel and Tata Group put STT GDC India on sale for $5 billion
The Story in Brief
KKR, Singtel and the Tata Group have initiated plans to sell their local data centre arm, STT Global Data Centres India Private Ltd, seeking at least $5 billion. The sale of STT GDC India, which operates 34 data centres across 10 Indian cities with 613 MW capacity, is part of a dual-track process alongside a previously evaluated IPO at a $6 to 7 billion value. Advisers have been appointed to approach global players, deep-pocketed Indian conglomerates and infrastructure-focused investors.
The Indian business is a 74:26 joint venture between STT Telemedia (controlled by KKR and Singtel) and Tata Communications. Tata Group is separately pursuing its own data centre plans with TPG and TCS. KKR and Singtel in February 2026 completed a $5.2 billion buyout of the wider STT GDC group. Hyperscalers account for about 75% of the company's revenues, under contracts lasting 7 to 15 years.
Indian Opinion Analysis
Both sources carry the same wire-style factual report on the proposed sale of STT GDC India by KKR, Singtel and Tata Group, with near-identical details on valuations, the dual-track process and investor interest, so there is no significant framing difference. Economic Times provides more granular financial data, including FY26 revenue of Rs 2,747.5 crore, a 17.8% rise, and a 22.9% profit drop to Rs 126 crore, while Business Today only reports the $5 billion price expectation. Neither outlet adds commentary or editorial slant. The coverage is uniform straight reporting, each source expanding on commercial detail without diverging. The sale process, with advisers appointed, is the concrete next step.
Coverage: 2 sources, 2 neutral
Sources (2): economictimes.indiatimes.com (neutral report), businesstoday.in (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
