Tata Communications has successfully completed the Singapore data centre joint venture (JV) transaction with ST Telemedia (STT), a global investor in communications, media and technology businesses.
In May 2016, both companies announced their entry into definitive agreements whereby STT, through its wholly owned subsidiary, ST Telemedia Global Data Centres (STT GDC), agreed to acquire a 74% majority stake in Tata Communications’ data centre business in India and Singapore, with Tata Communications holding the remaining stake as a minority shareholder. The India data centre joint venture transaction was successfully completed on October 19, 2016.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
