Singapore-based ST Telemedia(STT) has inked an agreement with Tata Communications to acquire a 74% majority stake in Tata Communications’ data centre business in India and Singapore. Tata Communications will remain as a significant shareholder, holding the remaining 26% stake in the businesses.
The joint venture will include Tata Communications’ fourteen data centres in key cities across India and its three Singapore facilities. The data centres currently service a highly-diversified customer base, including blue chip enterprises in Asia, e-commerce platforms and global multi-national corporations.
With this acquisition, STT will further expand and strengthen its global data centre network to span four geographies, including strong bases in two of Asia’s largest growth markets - India and China. Tata Communications in the meantime will focus on the development and introduction of its advanced managed services portfolio (including IP, cloud enablement and unified communications services), and will continue to invest in its strategic partnerships globally.
Sio Tat Hiang, Executive Director, ST Telemedia
This partnership marks another key milestone in STT GDC’s growth. Since ST Telemedia’s initial investment in the data centre business in mid-2014, we have made remarkable progress in building a formidable data centre footprint internationally with strategic presence in key economic hubs to capture industry demand.
