Sunday, May 22, 2016

Tata Comm Sells Data Centers to Singapore's ST Telemedia

Singapore Technologies Telemedia (ST Telemedia) has agreed to acquire a 74% majority stake in Tata Communications’ data center business in India and Singapore for .

The deal includes Tata Communications’ fourteen data centers in key cities across India and its three Singapore facilities. The data centers serve a diversified customer base, including blue chip enterprises in Asia, e-commerce platforms and global multi-national corporations.

ST Telemedia said the acquisition will further expand and strengthen its global data center network to span four geographies, including strong bases in two of Asia’s largest growth markets - India and China.

Tata Communications, which will retain a 26% stake in the businesses, will focus on its advanced managed services portfolio, including IP, cloud enablement and unified communications services.

“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. The latest addition of India to the STT GDC network will be a major impetus to advance the company’s ambition to be a significant global data centre service provider," stated Sio Tat Hiang, Executive Director, ST Telemedia.