10 November 2025, Singapore - Today Seraya Partners, through its wholly owned digital infrastructure investment platform Seraya AQX Pte Ltd (“AQX”), has completed the acquisition of Singapore enterprise fibre operator SPTel Pte Ltd (“SPTel”). The acquisition comes following the signing of the definitive agreement on 17 July 2025 to acquire of 100% of SPTel from Singapore Technologies Engineering Ltd’s (“ST Engineering”) and Singapore Power Limited (“SP”), and the subsequent approval of the proposed consolidation by the Infocomm Media Development Authority of Singapore on 16 October 2025.

SPTel is a mission-critical, physically independent fibre network operator in one of Asia’s most advanced digital economies. Its nationwide network offers diversity and resilience over the existing telecommunications infrastructure. This architecture enables SPTel to deliver ultra-reliable, low-latency connectivity to corporate, government, telecom, and data centre clients across Singapore. SPTel also provides direct and diverse cross-border fibre routes into neighbouring data centre hubs in Malaysia and Indonesia, positioning it as a natural backbone for the emerging SG+ digital corridor.

The acquisition of SPTel represents a rare opportunity to scale a strategic digital infrastructure platform in a high-barrier market. As SPTel remains in the early stages of its P&L growth, the business has significant potential to achieve two to three times growth over the coming years, particularly as demand from the emerging AI and quantum security sectors accelerates. In addition to strong organic growth from its enterprise customer base, the Singapore–Johor corridor is rapidly emerging as a major APAC data centre hub, with a projected combined capacity exceeding 3 GW. SPTel’s physically independent fibre network is expected to play a critical role in enabling intra- and cross-border data traffic within this ecosystem.

Together with Singapore’s position as a leading digital economy and regional gateway, the acquisition positions SPTel to capture long-term, value-accretive growth opportunities across Asia’s digital infrastructure landscape.