STT GDC Acquires Remaining Data Centre Stake From Tata in Singapore
By James Henderson, Channel Asia
June 24, 2019
ST Telemedia Global Data Centres (STT GDC) has acquired the remaining 26 per cent stake of Tata Communications in STT Tai Seng, comprising of three colocation facilities in Singapore.
The agreement comes two years after STT GDC entered into a strategic partnership with Tata’s data centre business in Singapore and India, holding a 74 per cent majority stake across both markets.
Upon closing of the deal, STT GDC will now own 100 per cent of the facilities in Singapore, while the strategic partnership structure remains unchanged in India.
According to the data centre specialists, plans remain in place to provide “high quality” data centre colocation offerings to customers across all facilities in Singapore and India.
“We entered into the partnership with Tata Communications in 2016, and Tata Communications has since been an outstanding partner for our business in Singapore and India,” said Bruno Lopez, group CEO of STT GDC. “Following this transaction, we look forward to deepening our strategic partnership in Singapore and will continue to extend our joint venture’s market leadership position in India.