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Singtel's merger with Singapore's data center giant seeks India clearance under Form II

By Freny Patel ( July 18, 2024, 00:26 GMT | Insight) -- US global investor KKR and Singapore Telecommunications have sought approval from the Indian antitrust watchdog for the proposed acquisition of a stake in STT GDC, a Singapore-based data center provider with a global presence, including operations in India. The proposed $1.3 billion transaction was notified to the Competition Commission of India, or CCI, under a Form II merger filing.  A consortium led by investment firm KKR and Singapore Telecommunications is seeking approval from the Indian antitrust watchdog for the potential acquisition of a stake in STT GDC, a Singapore-based data center provider with a global presence, including operations in India....

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