Tata sells majority stake in India, Singapore data centres

Thursday 19 May 2016 | 09:33 CET | News
Singapore Technologies Telemedia (ST Telemedia) has signed a definitive agreement to buy a 74 percent majority stake in Tata Communications' data centre businesses in India and Singapore for INR 3.3 billion (SGD 232.4 million). The deal will bolster ST Telemedia's global data centre position in Asia. Tata will retain a significant stake (26%) in the business but said it will sharpen its focus on global advanced network services and managed systems.

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Categories: Fixed
Companies: Singapore Technologies Telemedia / ST Telemedia / Tata Communications
Countries: Asia / India / Singapore
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