ST Telemedia to buy majority stake in Tata Communications' data centre business

Published Thu, May 19, 2016 · 04:22 AM

SINGAPORE Technologies Telemedia (ST Telemedia) said on Thursday it has agreed to buy a 74 per cent stake in Tata Communications' data centre business in India and Singapore.

The business includes 14 data centres in India and three in Singapore, ST Telemedia added. It did not say how much it would pay for these facilities.

Tata Communications will keep the remaining 26 per cent stake.

ST Telemedia also said it would acquire the stake via its unit ST Telemedia Global Data Centres, which "will further expand and strengthen its global data centre network".

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