Abu Dhabi’s sovereign investor, Mubadala Investment Co, is reportedly in discussions to join a major consortium seeking to acquire Singapore-based data centre operator STT GDC. This move signals a significant step in the UAE’s strategy to deepen its investments in global digital and AI infrastructure.
The Multi-Billion Dollar Consortium
The investment consortium, led by US private equity giant KKR & Co., is working to finalise a buyout that could value STT GDC at over $10 billion, including debt. According to reports, Singapore’s sovereign wealth fund, GIC, is also in talks to join the group, with both Mubadala and GIC potentially participating as minority co-investors.
Singapore Telecommunications (Singtel), which acquired a minority stake in STT GDC with KKR in 2025, confirmed in a statement to the Singapore Exchange that it is in advanced talks regarding the data centre operator, though no definitive agreement has been reached. Details of the potential buyout are expected to be announced as early as this week.
A Strategic Push Into Global AI Infrastructure
This potential investment aligns perfectly with Mubadala’s recently declared focus on high-growth technology sectors. Last month, Mubadala’s Group CEO, Khaldoon Al Mubarak, highlighted artificial intelligence and robotics as key target areas for the $330 billion fund.
The move also reflects the UAE’s broader national ambition to become a global leader in the AI era. The nation recently joined Pax Silica, a US-led coalition aimed at securing cross-border infrastructure and supply chains for AI. UAE entities like Mubadala, ADQ, G42, and MGX are actively forging partnerships with US tech leaders, including Nvidia and OpenAI, to accelerate their position in the global technology race. Acquiring a stake in a major data centre operator like STT GDC would provide a foundational asset for these ambitions.
About STT GDC
ST Telemedia Global Data Centres (STT GDC) is a rapidly growing data centre provider headquartered in Singapore. The company operates a significant global portfolio of more than 100 data centres across 20 major markets, including key hubs in India, South Korea, Japan, Malaysia, and several European countries like the UK, Italy, and Germany.
About Mubadala Investment Co
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi. With a portfolio valued at over $330 billion, Mubadala invests across various sectors and asset classes, with a strategic focus on technology, life sciences, and clean energy.
Source: AGBI
