Singapore, February 8, 2026, 14:53 SGT — Market is closed.
Singapore Telecommunications Ltd (Singtel) finished Friday at S$4.72, off 1.3% for the session, MarketWatch data show.
Singapore shares slipped, echoing the weakness that capped off the week, as tech-heavy losses across Asia prompted investors to pull back on risk. “What we’re seeing now feels more like investors de-risking and locking in gains,” said Zavier Wong, market analyst at eToro. Reuters
The macro drag landed just as Singtel is being reevaluated as something bigger than a standard telco. According to presentation slides filed with the stock exchange, Singtel will team up with KKR in a move to buy all of ST Telemedia Global Data Centres (STT GDC) for S$6.6 billion in cash. That puts the data center group’s enterprise value at roughly S$13.8 billion, including debt.
According to both sides, STT GDC operates 2.3 gigawatts of design capacity in 12 markets, offering “colocation” services—leasing out data-centre space and power—with demand climbing for AI and cloud workloads. Arthur Lang, Singtel group CFO, called the deal “a significant step” toward scaling up digital infrastructure. KKR’s David Luboff described digital infrastructure as “one of the most compelling” long-term investment themes. SGX Links
Investors are looking for indications that Singtel is able to maintain capital discipline while ramping up its bets on infrastructure assets. These plays can quickly drain cash, even when demand holds up.
Still, these large infrastructure plays don’t usually follow a tidy path. If borrowing gets pricier, customer growth loses steam, or the data-centre boom fades, the deal’s baked-in returns get challenged—and traders might think twice before chasing the shares higher.
Singtel’s next move will be closely watched when Singapore trading resumes Monday, after shares slid on Friday. All eyes are on whether buyers step back in, or if the pullback continues, as regional risk sentiment remains a key driver.
All eyes will shift to Singapore’s Budget 2026 on Feb. 12, with Prime Minister and Finance Minister Lawrence Wong set to unveil the plan at 3:30 p.m. local time. Investors are looking for signals on investment, technology, and growth strategies.
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