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ST Telemedia
ST Telemedia
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Singapore Technologies Telemedia Pte. Ltd., commonly referred to as simply ST Telemedia, doing business as STT, company name 199500279W, is a Singapore-headquartered strategic investor specialising in Communications and Media, Data Centres and Infrastructure Technology businesses globally. It is represented in 15 countries, three continents across Asia Pacific, the US and Europe. It is a portfolio company of Temasek Holdings. In 2016, the company refreshed its corporate identity, adopting a new logo and streamlined business name ST Telemedia.[1]

Key Information

Business activities

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STT's investment portfolio is centred on three business segments across the digital value chain – Communication & Media, Data Centres, and Infrastructure Technology.[2]

2026

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  • In February, KKR and Singtel acquired a 82% stake in data center operator ST Telemedia Global Data Centres for 6.6 billion Singapore dollars ($5.1 billion). Following completion, KKR will hold a 75% stake in STT GDC, while Singtel will own the remaining 25%.[3]

2024

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  • In June 2024, STT GDC raised S$1.75 Billion from KKR and Singtel.
  • In December 2024, STT announced that it will be selling off a portion of its stake in U Mobile, holding a minority stake of about 20% upon completion of the transaction.[4]

2020

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  • In March 2020, STT announced the completion of its majority investment in CloudCover, a cloud-native service provider with presence in India and Southeast Asia.[5]

2019

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  • In January 2019, STT announced that it completed the acquisition of a majority stake in Cloud Comrade, a Singapore-based cloud computing company with presence also in Malaysia and Indonesia.[6]
  • ST Telemedia Cloud, a public cloud solutions provider across APAC was established.[7]
  • Quantum Security, a portfolio company of STT announced its official entry into the AI and Cloud IT market.[8]
  • In October 2019, STT announced that it was taking a majority stake in Seattle-based cloud service provider 2nd Watch.[9]

2018

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  • In January 2018, STT led in a new round of funding for Bespin Global, a cloud management company which helps enterprise customers in South Korea and China with cloud adoption.[10]

2017

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  • In November 2017, STT led in a new round of funding for Instart Logic, which created a cloud-based digital experience platform that enables brands to increase their online performance.[11]
  • In April 2017, STT announced its investment in Dallas-based Armor, The First Totally Secure Cloud Company™, and became a joint lead shareholder with The Stephens Group.[12][13][14]

2016

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  • In August 2016, STT unveiled a refreshed corporate identity to reflect its new strategic direction.[15]
  • In June 2016, STT announced its lead investment in Moogsoft's Series C financing, giving the real-time IT Operation Analytics provider a boost to expand its global operations in Europe, Asia and Americas.[16][17]
  • In May 2016, STT announced its strategic partnership with Tata Communications to expand data centre business in India and Singapore. The partnership involved a 74% majority stake acquisition of Tata Communications’ data centre business in India and Singapore by STT’s wholly owned subsidiary, ST Telemedia Global Data Centres (STT GDC). Tata Communications remains as a significant shareholder, holding the remaining 26% stake in the business. The acquisition of the data centres in India was completed in October 2016, while the acquisition of the data centres in Singapore completed in February 2017.[18][19]

2015

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  • In August 2015, STT made its first investment in emerging technology verticals, leading a US$40 million financing round in Datameer, a big data analytics and visualization company based in San Francisco, California.[20][21] Datameer is a big data analytics platform that helps companies create and extract value from enterprise data lakes.[22]
  • In July 2015, STT announced a joint venture partnership where its portfolio companies STT GDC and StarHub agreed to build and develop MediaHub, a highly specialised telecommunications, media and data centre facility.[23]
  • In June 2015, STT, through STT GDC, invested in VIRTUS Data Centres in the UK.[24]
  • In March 2015, STT announced plans to build its flagship data centre, known as STT Defu, in Singapore.[25]

2014

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  • In August 2014, STT re-entered the data centre market with its investment in GDS Services (GDS), a leading provider of advanced and high-availability data centre services in China.[26]

2011

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  • In May 2011, STT invested in Sky Cable, the Philippines' largest cable company and leading broadband service provider.[27][28]

2010

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  • In March 2010, STT acquired a 33% stake in U Mobile, Malaysia's fourth mobile service provider.[29] It also took a 10% stake in VNPT Global, a subsidiary of VNPT Group, Vietnam's foremost full service telecommunications service operator.[30]

References

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Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
ST Telemedia (STT) is a Singapore-headquartered strategic specializing in communications and media, data centres, and businesses across , , and the . Founded in 1994 as a venture from Singapore Technologies, STT focuses on long-term value creation through investments in innovative (ICT) sectors, building a portfolio that supports and sustainable growth. With a disciplined investor-operator approach, the company collaborates with its portfolio entities to drive mutual success in a data-driven . Over its three-decade history, STT has evolved from a telecommunications-focused entity into a global investor, marking 30 years of resilience and adaptability by 2024. Key milestones include the establishment of ST Telemedia Global Data Centres (STT GDC) in 2014, which has become one of the world's fastest-growing data centre providers, and strategic investments such as supporting U Mobile's expansion from 500,000 subscribers in 2010 to over 9 million by 2023. In 2024, STT calibrated its shareholding in STT GDC through a S$1.75 billion investment led by KKR and Singtel, while committing US$3.2 billion to expand IT capacity in India over five to six years. These efforts underscore STT's role in powering AI-enabled infrastructure and smart cities. STT's business focuses on three core areas: communications, where it invests in regional leaders like , , and TeleChoice to enhance connectivity and content delivery; data centres, anchored by STT GDC's scalable, secure facilities across multiple continents; and , targeting IT, cybersecurity, and firms such as Ollion and Bespin Global. The portfolio, which includes over a dozen companies, fosters a symbiotic through shared expertise and , aiming to capture opportunities in digitalization. Under the leadership of President and Group CEO Stephen Miller, who brings over 35 years of experience in the sector, and Deputy CEO Bruno Lopez, who also heads STT GDC, the company emphasizes purpose-driven strategies in and . Notable achievements include STT GDC's recognition as the 2024 APAC Company of the Year by for its contributions to the data centre industry. As of 2025, STT continues to expand its global footprint, reinforcing its position as a key enabler of the digital future.

Overview

Founding and ownership

ST Telemedia was established in the early 1990s as a division of Singapore Technologies (ST) Holdings to capitalize on the burgeoning telecommunications sector. It officially commenced operations in 1994, focusing on investments and strategic opportunities in communications and related technologies as part of the broader ST Group. The company evolved from the ST Group, which was brought under the ownership of Temasek Holdings in 1994 following the group's integration into Singapore's state investment framework. A significant restructuring occurred in 2004 when Temasek Holdings abolished the ST holding company, streamlining its portfolio and establishing direct ownership of entities like ST Telemedia. Since then, Temasek Holdings has remained the sole owner of ST Telemedia, positioning it as a key portfolio company dedicated to digital infrastructure and technology investments. Headquartered in at 3 Temasek Avenue, ST Telemedia maintains a global footprint across 15 countries in , the , and , enabling it to pursue cross-border opportunities in its core sectors. In 2016, ST Telemedia underwent a refresh, introducing a modern and adopting the streamlined name "ST Telemedia" (abbreviated as STT) to reflect its strategic evolution after 22 years of operations. This rebranding, announced on 22 August 2016, also included a new tagline, "Catalysing Growth in a Connected World," and the launch of its first , ST Telemedia Global Data Centres.

Business focus and operations

ST Telemedia operates as a strategic specializing in three core pillars: Communications and Media, Data Centres, and Infrastructure Technology. These areas form the foundation of its , targeting innovative (ICT) sectors that drive global digital infrastructure. As a wholly-owned subsidiary of , the company adopts a disciplined investor-operator approach, actively partnering with businesses to foster long-term growth and operational excellence. The company's purpose is to "ignite change that unlocks sustainable value," guiding its investments toward initiatives that promote environmental responsibility, social impact, and robust governance. This involves building scalable platforms that support , enabling portfolio entities to innovate while adhering to sustainability frameworks such as and ethical practices. ST Telemedia emphasizes integrating ESG (environmental, social, and governance) principles into its operations, ensuring that investments contribute to a resilient . With investments spanning over 20 companies worldwide, ST Telemedia maintains a significant operational scale that underscores its global footprint in digital infrastructure. Headquartered in , it leverages this hub for strategic oversight while expanding into high-growth emerging markets, including and , to capitalize on regional digital demands. This expansion supports its focus on , prioritizing energy-efficient technologies and inclusive growth in underserved areas.

History

Establishment and early development (1994–2005)

ST Telemedia commenced operations in 1994 as a strategic vehicle focused on the sector, marking its entry with an investment in , which operated the country's sole network at the time. This initial foray into international mobile communications underscored the company's early emphasis on emerging telecom opportunities in Asia-Pacific markets. In 1995, ST Telemedia expanded aggressively within by launching Singapore Cable Vision, the nation's first network; ST Teleport, a provider of and services; and ST Mobile Data, offering solutions. Concurrently, it entered the Chinese market through a with to develop a nationwide paging network, highlighting its strategy of partnering with local entities for regional expansion. The following year, in 1996, the company launched CyberWay as an in and formed another with to establish a network in and provinces. By 1997, ST Telemedia introduced SunPage, a radio paging service in , further diversifying its domestic portfolio in mobile communications. In 1998, it divested its interests in and launched TeleChoice as a regional distributor of , while the consortium—backed by ST Telemedia—secured fixed and cellular licenses in . The turn of the millennium brought significant milestones in 2000, with the official launch of StarHub as Singapore's second full-service telecommunications operator and i-STT, a pioneering carrier-neutral data center business. In 1999, ST Telemedia had merged its CyberWay internet operations into StarHub to consolidate its broadband and mobile offerings. By 2002, the company merged i-STT with Pihana Pacific to form Equinix, a global data center provider; invested in Indonesia's Indosat to bolster its Southeast Asian presence; and integrated Singapore Cable Vision into StarHub to streamline its media and telecom assets. ST Telemedia's international ambitions peaked in 2003 with the acquisition of a majority stake in , a leading provider of IP-based global networks, emerging from Chapter 11 bankruptcy reorganization. In 2004, Global Crossing successfully re-listed on the exchange, while and TeleChoice achieved listings on the ; additionally, ST Telemedia merged ST Mobile Data and SunPage into TeleChoice to enhance its regional equipment and services distribution. The period concluded in 2005 with the divestment of its interests in and receipt of the Singapore 1000 award from DP Information Group for the highest sales and turnover growth in the communications, transport, and storage sector.

Expansion and restructuring (2006–2015)

During the period from 2006 to 2015, ST Telemedia pursued aggressive international expansion in while initiating a strategic pivot toward data infrastructure, involving key investments, mergers, divestments, and the launch of new financial instruments to support growth. This phase marked a transition from traditional telecom assets to high-growth digital sectors, with a focus on markets and selective global opportunities. In 2007, ST Telemedia invested in Lao Telecom Company, acquiring a 49% equity stake in the full-service provider in to strengthen its regional footprint in . By 2008, the company divested its 41% stake in PT Tbk, Indonesia's second-largest telecom operator, selling it to Telecom for approximately $1.8 billion, thereby exiting the Indonesian market and realizing significant returns on its 2002 investment. ST Telemedia continued its expansion in 2010 by acquiring a 33% stake in Sdn Bhd, Malaysia's fourth-largest mobile operator, for 1 billion ringgit (about $302.6 million), marking a strategic entry into the Malaysian telecom sector. In 2012, it increased its holding by purchasing an additional 16% stake, becoming the single largest shareholder with approximately 49% ownership. That same year, following the 2011 merger of its majority-owned into in a $3 billion stock-for-stock deal, ST Telemedia became the largest shareholder in the combined entity, enhancing its global network capabilities. Also in 2011, ST Telemedia invested in , the ' largest cable TV and provider, acquiring a significant stake to bolster its media and portfolio in the region. A key restructuring effort began in 2014 with the establishment of ST Telemedia Global (STT GDC) as a dedicated platform for centre investments, signaling a shift toward digital infrastructure. That year, ST Telemedia invested in GDS Holdings Limited, acquiring an approximate 40% stake in the leading Chinese centre provider to accelerate expansion in China's high-demand market. In , it further diversified by divesting its interests in ST Teleport Pte Ltd, a communications provider, to SpeedCast International Limited for SGD 18.5 million, allowing focus on core digital assets. To finance these initiatives, ST Telemedia launched its first multi-currency programme in 2015, issuing an inaugural 10-year bond to access diverse capital markets. Complementing this pivot, the company made strategic investments in , including a leading role in a $40 million Series E funding round for Datameer, a U.S.-based firm, to enter the sector. Additionally, in 2015, STT GDC acquired a 49% stake in VIRTUS Data Centres, a UK-based colocation provider, to establish a European foothold in data centre operations. These moves positioned ST Telemedia for sustained growth in data-driven infrastructure by the end of the period.

Modern growth and diversification (2016–present)

In 2016, ST Telemedia refreshed its corporate identity to align with its evolving strategic direction and expanded focus on digital infrastructure, marking the first such update in 22 years and coinciding with the launch of its brand extension, ST Telemedia Global Data Centres (STT GDC). That same year, the company entered a with , acquiring a 74% stake in the latter's data centre business in and through a that encompassed 14 facilities in and three in , completed in early 2017. Also in June 2016, ST Telemedia led the second phase of Moogsoft's Series C funding round, investing in the real-time IT operations analytics provider as part of its push into technology infrastructure. The following year, ST Telemedia achieved full ownership of Data Centres by acquiring the remaining 51% stake from Brockton Capital in October 2017, integrating the UK-based provider as a wholly-owned under STT GDC to bolster its European presence. In April 2017, it invested $89 million in Armor, a firm, becoming a joint lead shareholder to enhance its cybersecurity portfolio. November 2017 saw ST Telemedia lead a $30 million Series E funding round for Instart Logic, a provider of -based digital platforms, further diversifying into and technologies. By 2018, ST Telemedia ceased its interests in CenturyLink following the 2017 merger of the latter with , one of ST Telemedia's prior portfolio companies, allowing a refocus on core digital assets. That January, it led a $27 million in Bespin Global, a management platform operator, to accelerate expansion in . In late 2018, ST Telemedia acquired a majority stake in Cloud Comrade, a Singapore-based multi- specialist, with the transaction completed in January 2019 to strengthen its migration and capabilities. In 2019, ST Telemedia deepened its and investments, leading a $40 million funding round in Datameer in October to support the analytics firm's pivot to -native solutions. That same month, it announced a majority stake investment in 2nd Watch, a U.S.-based service provider specializing in AWS and Azure, enhancing its global managed offerings. The company also launched ST Telemedia as part of its infrastructure technology arm and introduced the LEAP platform in March 2019, a managed service for AI, cybersecurity, and IT to facilitate enterprise in . Entering the 2020s, ST Telemedia continued its cloud-focused diversification with a majority investment in CloudCover in March 2020, an -based cloud-native services provider, building on its regional ecosystem. In September 2024, STT GDC committed US$3.2 billion over five to six years to expand data centre capacity in by 550 MW, nearly tripling its existing IT load to support initiatives. In June 2024, STT GDC raised S$1.75 billion from a KKR-led including , the largest such digital infrastructure investment in that year, to fuel data centre expansion and sustainability initiatives. In December 2024, ST Telemedia agreed to reduce its stake in —a Malaysian telecom firm in which it had invested since —to 20% by divesting the majority to local investor Mawar Setia Sdn Bhd, with completion expected no later than Q3 2025 to comply with national ownership priorities; as of November 2025, the transaction remains pending. In 2025, STT GDC unveiled an AI-ready data centre campus in , , with an initial INR 450 investment in April. By mid-2025, STT GDC launched STT Fairview 1, the country's largest data centre with 124 MW capacity. In August 2025, ST Telemedia considered selling its stake in GDS Holdings, its Chinese data centre investment. As of November 2025, KKR and , building on their 2024 investment, are in advanced talks to acquire more than 80% of STT GDC in a deal valued at over S$5 billion (approximately $3.8 billion), seeking financing through a S$5 billion loan; the transaction is ongoing.

Business segments

Data centres

ST Telemedia leads its data centre operations through ST Telemedia Global Data Centres (STT GDC), its majority-owned subsidiary established in 2014 and headquartered in Singapore. STT GDC manages over 95 operational and under-development facilities across major markets, including Singapore, the United Kingdom, Germany, India, Indonesia, and the Philippines, providing scalable, secure, and AI-ready infrastructure to support global digital demands. Recognized as one of the world's fastest-growing data centre providers, STT GDC caters to high-demand sectors such as , , and AI-driven applications, enabling enterprises to address escalating data consumption and needs. The company's growth strategy combines organic development with strategic joint ventures, exemplified by its 2021 partnership with the Triputra Group and to build a multi-building campus in offering up to 72 MW of IT capacity. This approach has positioned STT GDC as a key enabler in high-growth regions, with expansions including the 2017 acquisition of VIRTUS Data Centres to bolster its European footprint. In June 2025, STT GDC launched STT 1, its first centre facility in , located in the . STT GDC integrates sustainability into its core operations, launching a comprehensive ESG plan in 2021 that commits the company to carbon neutrality by 2030 through green initiatives like energy-efficient designs and renewable energy adoption. In June 2024, STT GDC raised S$1.75 billion (~$1.3 billion) from a KKR-led including , providing capital to fuel further expansion of sustainable, high-performance data centres amid surging AI and digitalization trends. As of November 2025, KKR and are in advanced talks to acquire a controlling stake in STT GDC for approximately $3.9 billion.

Communications and media

ST Telemedia's involvement in the communications and media sector traces its roots to the mid-1990s, when it pursued s in emerging Asian markets to establish foundational telecom infrastructure. In 1995, the company formed a partnership with to deploy a nationwide paging network across , marking one of its early forays into mobile communication services. The following year, in 1996, ST Telemedia entered another with to roll out a network in province and , expanding its presence in regional mobile operations. These initiatives positioned ST Telemedia as a key player in supporting the growth of wireless networks in developing economies. In the media domain, ST Telemedia played a pivotal role in Singapore's landscape through its subsidiary Singapore Cable Vision (SCV), which it launched in the late . In , SCV merged with , Singapore's second full-fledged telecom operator—also backed by ST Telemedia—creating an integrated platform for cable TV, broadband, and mobile services. This merger enhanced StarHub's capabilities in pay-TV and digital media delivery, and the company went public on the in October 2004, with ST Telemedia retaining a significant stake. Earlier efforts included the 1997 launch of SunPage, a radio paging service in Singapore, which was later merged with ST Mobile Data into TeleChoice in 2004 to form a regional telecom solutions provider. Building on these foundations, ST Telemedia expanded its telecom investments across in the 2000s and 2010s. In 2007, it acquired a stake in Lao Telecommunications Company (Lao Telecom), a full-service provider offering mobile, fixed-line, and internet services in , and this investment remains active as part of its portfolio. In 2010, ST Telemedia invested in , Malaysia's data-centric mobile operator, initially taking a 33% stake that grew to become the single largest shareholder by 2012; in December 2024, it sold a majority interest while retaining a 20% minority stake to support U Mobile's expansion. Similarly, in 2011, ST Telemedia invested approximately PHP 3.86 billion for a 40% stake in , the ' largest cable TV and provider, bolstering its media infrastructure footprint. Today, ST Telemedia maintains strategic stakes in these communications assets to capitalize on surge, emphasizing investments that enable high-speed connectivity and content distribution in high-growth markets. Its global reach in emerging economies continues through such joint ventures, fostering and paging networks that underpin modern telecom evolution.

Infrastructure technology

ST Telemedia has strategically invested in platforms to enhance its technology portfolio, focusing on that enable multi-cloud environments for enterprises. In , the company led a US$27 million investment in Bespin Global, a South Korea-based provider of cloud management and IT services operating across . This was followed by a majority stake acquisition in Singapore-based Cloud Comrade in , bolstering capabilities in cloud migration, , and recovery solutions. In October , ST Telemedia secured a controlling interest in 2nd Watch, a US-based AWS Premier Consulting Partner specializing in managed services, to expand its global footprint. The portfolio grew further in March 2020 with a majority investment in CloudCover, an -focused cloud-native service provider offering advanced automation and tools. In the realm of AI and analytics, ST Telemedia has targeted technologies that facilitate data preparation, IT operations, and web performance optimization. The company entered this space in August 2015 by leading a US$40 million financing round in Datameer, a San Francisco-based analytics firm known for its data exploration software, and increased its stake with another US$40 million round in October 2019. In June 2016, ST Telemedia led the second phase of Moogsoft's Series C funding, investing in the real-time IT operations platform to address in complex IT environments. November 2017 saw a US$30 million investment led by ST Telemedia in Instart Logic, a provider of AI-driven web application delivery and security solutions. Complementing these, ST Telemedia launched LEAPX in March 2019 as an integrated platform combining AI, , and cloud services to simplify digital adoption for businesses in . For cybersecurity, ST Telemedia invested US$89 million in April 2017 in Armor, a Dallas-based firm offering managed services for and hybrid environments, establishing a key pillar in secure infrastructure. These investments align with ST Telemedia's broader objective of driving by delivering scalable technology solutions tailored to the region's growing demand for agile, secure IT ecosystems. The company's ST Telemedia business, formed in 2020, integrates many of these technologies to provide end-to-end services. In 2023, ST Telemedia launched Ollion, a -native consulting company formed by merging its businesses to provide advanced advisory services across .

Portfolio and investments

Key subsidiaries

ST Telemedia's primary wholly-owned subsidiary is ST Telemedia Global Data Centres (STT GDC), established in 2014 and headquartered in . As a leading digital infrastructure provider, STT GDC operates a global platform of data centres designed to deliver scalable, secure colocation and connectivity solutions, with a core purpose of powering a sustainable digital future for enterprises. Its operations span high-growth regions in and , including over 95 facilities worldwide as of 2025, encompassing both operational and under-development sites. In November 2025, KKR and announced plans to acquire full ownership of STT GDC in a deal valued at approximately S$3.9 billion, subject to completion. STT GDC maintains a strong footprint in key markets through dedicated entities and partnerships. In , STT GDC India oversees 30 state-of-the-art, energy-efficient data centres across ten cities as of 2025, supporting the country's expanding with carrier-neutral colocation services. In Indonesia, STT GDC participates in a joint venture with Triputra Group and , developing multiple data centres in , including groundbreaking on the third facility in 2025, focused on hyperscale and enterprise needs in Southeast Asia's largest economy. Among other majority-controlled entities, VIRTUS Data Centres stands out as a strategic acquisition completed in 2017, when STT GDC purchased full ownership from Brockton Capital to expand its UK and European presence; STT GDC retains majority control following a 2023 transaction granting Macquarie Asset Management a 40% minority stake in the European operations. Additionally, in 2019, STT GDC acquired Tata Communications' remaining 26% stake in STT Tai Seng, securing 100% ownership of this cluster of three colocation facilities in Singapore to consolidate its domestic assets. These subsidiaries underscore STT GDC's role as ST Telemedia's flagship for data centre expansion, enabling integrated operations through the seamless incorporation of acquired assets into a unified global network that enhances operational efficiency and market reach.

Major portfolio companies

ST Telemedia maintains a diverse portfolio of strategic investments in high-growth technology companies, focusing on areas such as data centers, cloud services, cybersecurity, and to support the expansion of the . One of its earliest significant investments was in GDS Services, a leading carrier-neutral provider in , where ST Telemedia acquired an approximate 40% stake in 2014 to bolster its presence in the rapidly growing Asian market. As of 2025, it holds nearly 34% of GDS's Class A shares. In the telecommunications sector, ST Telemedia has held a strategic stake in , Malaysia's fourth-largest , initially acquiring 33% in 2010 with effective control exceeding 70% through convertible instruments; it reduced its holding to 20% following the completion of the majority stake sale in 2025. This investment, detailed further in the company's modern growth phase, underscores ST Telemedia's approach to partnering with regional operators for and digital infrastructure development. Among its other key holdings, ST Telemedia led a US$27 million investment in Bespin Global in 2018, a management platform specializing in multi-cloud and serving enterprises across . In 2019, it completed a majority acquisition of , a Singapore-based cloud services provider offering managed multi-cloud solutions to enhance enterprise adoption of hybrid cloud environments, which merged into Ollion in 2023. Earlier, in 2015, ST Telemedia invested in Datameer, a analytics firm providing AI-driven insights for , and followed up by leading a US$40 million funding round in 2019 to accelerate its platform's global scalability. Additionally, in 2017, ST Telemedia invested US$89 million in Armor, a cybersecurity company offering managed services, becoming a joint lead shareholder to address rising threats in cloud infrastructure. Overall, ST Telemedia's portfolio encompasses approximately 16 companies as of 2021, strategically positioned to create interconnected growth platforms in the , including , data analytics, and secure infrastructure solutions.

References

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