<div class=newsTextDataWrapInner><p>SINGAPORE (May 19): ST Telemedia has agreed to buy a majority stake in some of the data-center business owned by India's Tata Communications for US$640 million ($882 million).</p></div>

<div class=newsTextDataWrapInner><p>ST Telemedia, which is a unit of Temasek Holdings, will acquire a 74% stake in data centres in India and Singapore, while Tata Communications will hold the remaining 26% stake, said a joint statement from both companies on Thursday.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition will give ST Telemedia access to 14 data centres in key Indian cities including Delhi, Mumbai and Bangalore.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The latest addition of India to the ST Telemedia Global Data Center will be a major impetus to advance the company's ambition to be a significant global data center provider,” sayd ST Telemedia chief executive Sio Tat Hiang.</p></div>


SINGAPORE (May 19): ST Telemedia has agreed to buy a majority stake in some of the data-center business owned by India's Tata Communications for US$640 million ($882 million).

ST Telemedia, which is a unit of Temasek Holdings, will acquire a 74% stake in data centres in India and Singap...

ST Telemedia to buy majority in Tata’s data-centre business in US$640 mil deal

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