Tata Comm to sell 74% stake in data centre biz
Telecom firm Tata Communications will sell a majority 74% stake in its data centre business to Singapore-based ST Telemedia for about $630 million, including debt, the company said on Thursday. The deal includes 14 data centres run by Tata Communications in India along with three in Singapore. The company provides telecom and data services infrastructure through undersea and terrestrial cables.