• Advertisement
To advertise, place classifieds free ads by category in a forum as a new topic, or in the classified display ads section, or start a classifieds free blog.

India's Tata Comms to sell stake in data center to ST Telemedia for $630 million

India's Tata Comms to sell stake in data center to ST Telemedia for $630 million

Postby smix » Thu May 19, 2016 1:01 pm

India's Tata Comms to sell stake in data center to ST Telemedia for $630 million
Reuters

URL: http://www.reuters.com/article/us-tata- ... SKCN0YA0BJ
Category: technologyNews
Published: Thu, 19 May 2016 00:48:53 -0400

Description: MUMBAI (Reuters) - India's Tata Communications Ltd is selling a 74 percent stake in its data center business to Singapore-based ST Telemedia for about $630 million including debt, the company said on Thursday. Tata Communications, which provides telecom and data services infrastructure through its network of undersea and terrestrial cables, has been looking to sell non-core assets to cut debt. The ST Telemedia deal includes sale of a 74 percent stake in the company's 14 data centers in India for 31.1 billion rupees ($462.66 million), and sale of a similar stake in its three Singapore data centers for S$232.4 million ($168.37 million). Tata Communications will continue to hold a 26 percent stake in the data center operations, it said.
User avatar
smix
 
Posts: 1875756
Images: 1
Joined: Sat Aug 10, 2013 8:05 am
Blog: View Blog (0)

  • Similar Topics
    Replies
    Views
    Last post

Return to Brick & Mortar Business Assets For Sale or Lease


Mobile Device
  • 1
  • FREE CLASSIFIED ADS
    Free Classified Ads
    There are 3 ways to advertise - your choice: you can place free ads in a forum topic, in the classified display ads section, or you may start your own free blog. Please select the appropriate category and forum for the ad content before you post. Do not spam.
    Caveat emptor - let the buyer beware. Deal at your own risk and peril.
  • Advertisement