Singapore Telecommunications Ltd (Z74) told investors on Aug, 27 2026 that its Digital Infrastructure Co (Nxera) is scaling regional data-centre and artificial-intelligence capacity, targeting EBITDA of more than 300 million Singapore dollars by fiscal year 2028. The update was delivered by Bill Chang, chief executive of Nxera and Singtel’s Digital InfraCo, during the group’s Investor Day.
Digital InfraCo plans to lift operational data-centre capacity from 62 MW in 2024 to about 230 MW by the end of FY27, driven by projects such as the 26 MW DC West & KC2 facility in Singapore (ready-for-service in the first quarter of 2026) and two new Thai sites that will add a combined 64 MW by the second quarter of 2027. Including secured pipelines, the group’s total potential capacity exceeds 460 MW. A joint venture with Hitachi Ltd is also under study to enter the Tokyo market.
Contracted utilisation on Singapore’s planned 120 MW of operational capacity has reached roughly 98 %, while regional utilisation on an expected 110 MW stands near 60 %. Management forecasts a revenue compound annual growth rate of about 20 % from FY26 to FY30, underpinned by long-term customer contracts and a “recycle” strategy for mature assets such as the KC2 data centre from 2027.
Nxera’s sovereign GPU-as-a-Service platform, RE:AI, launched in Oct, 2024, has secured about 600 million Singapore dollars in total contract value and achieved full utilisation of its initial 512 NVIDIA H100 GPUs. A further 6 MW, fully contracted, is scheduled to come online by the fourth quarter of FY27, followed by an additional 6 MW once 80 % of capacity is pre-sold. The first tranche requires an estimated 300 million Singapore dollars in capital expenditure and is expected to reach cash-flow break-even within six to nine months, with payback by FY30.
Financing for growth is supported by a 1.1 billion Singapore dollar facility from KKR, refinancing of Singapore data-centre assets and a green-shoe option, while negotiations are under way for customer commitments exceeding 500 million Singapore dollars for subsequent capacity additions.