The search engine giant Google Inc and e-commerce behemoth Amazon are reportedly in talks with the Tata Group to purchase the data centre business of Tata Communications. The deal is expected to fetch the company around Rs 4,261.4 crore-Rs 4,589.2 crore.
The two gigantic global firms are competing with bulge-bracket private equity funds including the Blackstone Group, Carlyle, KKR, Bain Capital and Advent International, who are all looking to buy up to 74% stake in the data centre unit and take control of the business that is spread across 44 locations in India and abroad.
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
