Tata Communications has sold 74 percent stake in its data center business in India and Singapore to ST Telemedia Global Data Centres (STT GDC).
The company did not disclose the financial details. The Mumbai-based Tata Communications will be holding the remaining 26 percent stake in the businesses.
The joint venture will manage 14 data centers in key cities including Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad and Pune in India and three facilities in Singapore. The data center service has customers, including enterprises in Asia, e-commerce platforms and multinational corporations.
With this acquisition, STT GDC will further strengthen its data centre network to span four geographies, including bases in two of Asia’s largest growth markets – India and China.
Vinod Kumar, managing director and CEO, Tata Communications, said: “This partnership will now allow us to hone our strategic focus on advanced services within the data centre that enable digital transformation for our customers, in addition to infrastructure services.”
Sio Tat Hiang, executive director, ST Telemedia, said: “Since ST Telemedia’s initial investment in the data center 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.”
In 2014, Tata Communications transferred the Indian data center business to its subsidiary Tata Communications Data Centers (TCDC).
