Latham & Watkins has advised ST Telemedia Global Data Centres on a S$1.75 billion ($1.3 billion) investment from a consortium comprising KKR and Singapore Telecommunications (Singtel), which was represented by Freshfields Bruckhaus Deringer.
Singapore Big Four firm WongPartnership acted for Singtel.
The deal is believed to be Southeast Asia’s largest digital infrastructure investment in 2024. It comes amid growing interest and demand for data centres across the Asia Pacific as countries and companies respond to the boom in artificial intelligence, Reuters reported.
STT GDC is one of the world’s fastest-growing data centre providers, with more than 95 data centres across 11 geographies and points of presence in over 20 major business markets.
The Latham team was led by partner Sharon Lau, with support from partner Derek Chua. Advice was also provided on merger control matters by partner Luca Crocco, and on tax matters by partners Elena Romanova and Aoife McCabe.
The Freshfields team was led by Singapore partner Nigel Gleeson, and included partner Simon Weller, with assistance from partner Arun Balasubramanian (securities), partner Richard Bird (IP/IT), partners Victoria Hills and Douglas Bryden (English law advice on corporate, IP, projects/infrastructure and real estate aspects), and partner Niko Schultz-Suechting (German law advice on projects/infrastructure and real estate aspects).
The WongP team was led by partners Ng Wai King, Chan Sing Yee and Ling Pei Lih.
