SINGAPORE - Singapore Technologies Telemedia (ST Telemedia) and leading global communications provider Tata Communications announced on Thursday (May 19) that they are working together to grow in the data centre business.
ST Telemedia, through ST Telemedia Global Data Centres (STT GDC), will acquire a 74 per cent majority stake in Tata Communications' data centre business in India and Singapore.
Tata Communications will remain as a significant shareholder, holding the remaining 26 per cent stake in the businesses.
The joint venture will include Tata Communications' 14 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.
The two firms will work together to ensure service continuity for customers and employee engagement.
With this acquisition, STT GDC will grow its global data centre network to include four geographies, including strong bases in two of Asia's largest growth markets - India and China.
Parent ST Telemedia is a strategic global investor focused on the communications, media and technology sectors,