Temasek-Backed ST Telemedia Is Said to Consider Selling Stake in Data Center Operator GDS

ST Telemedia, a Temasek-backed company, is reportedly considering selling its stake in the Chinese data center operator GDS Holdings Ltd. According to people familiar with the matter, the decision comes as ST Telemedia evaluates its investments and explores opportunities to optimize its portfolio. GDS Holdings is a leading provider of data center services in China, with a strong presence in the country's rapidly growing digital infrastructure market. ST Telemedia, which is owned by Singapore's state investment firm Temasek, has been a significant investor in GDS Holdings since 2016. The potential sale of ST Telemedia's stake in GDS Holdings is still in the early stages, and the details and timeline of the transaction have not been finalized. The move is likely driven by ST Telemedia's strategic decision-making to realign its investments and capitalize on market opportunities. The news highlights the dynamic nature of the global data center industry and the ongoing shifts in the investment landscape as companies adapt to changing market conditions.