ST Telemedia to buy majority stake in Tata Communications' data centre business
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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".
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
