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Tata closes sale of stake in Indian data centre business to ST Telemedia

Connectivity BusinessbyConnectivity Business
October 19, 2016
in Investments, Space Services, Strategy and Markets
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Indian telecoms group Tata Communications has completed the sale of a majority stake in its Indian data centre business to Singapore Technologies Telemedia (ST Telemedia) for an estimated enterprise value of Rs31.4bn (US$471.3m). Tata agreed in mid-May to sell a 74% stake in both its Indian and Singaporean data centre businesses to ST Telemedia for an estimated […]

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Tags: Asia PacificPremiumSingapore Technologies Telemedia (STT)Tata CommunicationsTF249
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