Singtel stock price rises on $10 billion data-centre deal talk — what could move SGX:Z74 next
Singtel shares rose 0.9% to S$4.63 after reports of advanced talks to acquire a stake in ST Telemedia Global Data Centres, valued at over S$13 billion. Singtel confirmed negotiations but said no binding deal has been reached. Investors are watching for details on deal terms and funding. GIC and Mubadala are reportedly in discussions to join as minority co-investors.