Singtel Group Treasury agrees S$1.5bn credit facility amid AI push as profits climb 12%
The Singapore telecoms firm is set to spend S$1.2bn on data centres, equipment and fit-outs for GPU-as-a-service facilities and AI; in February it invested in a data centre firm with KKR.
Singtel’s wholly-owned subsidiary Singtel Group Treasury has signed a three-year S$1.5 billion ($1.17 billion) revolving credit facility with 11 banks. Group treasury manages the firm’s liquidity, debt and capital planning.
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