Singapore Technologies Telemedia (STT) has acquired 74% of data center provider Tata Communications' fourteen premises in India and a further three in Singapore, the companies have announced.
While Tata Communications still has a large amount of control in its operations with its remaining 26% share, the partnership between the two companies will service Asia's largest markets, including India and China.
With these growth markets in mind, Tata Communications will concentrate efforts on strategic partnerships and its managed services portfolio, which includes IP, cloud enablement and unified communications services to blue-chip providers, global businesses and e-commerce providers. The companies aim to ensure data and service continuity.
Vinod Kumar, managing director and CEO of Tata Communications, says “Today marks a milestone moment in Tata Communications’ evolution. We have been proud of the tremendous growth of our data centre subsidiary over a relatively short time.
This new joint venture partnership will now allow us to hone our strategic focus on advanced services within the data centre that enable digital transformation for our customers, in addition to infrastructure services.
Our new partnership also gives us the opportunity to redeploy capital behind other areas of our business, to further broaden the portfolio of services we can offer to meet our customers’ current and future requirements.”
Bruno Lopez, CEO of STT GDC, says, “With this investment, STT GDC is well positioned to become one of the largest Asian-headquartered data centre companies with significant platforms in key markets where we continue to see strong growth.
STT GDC will focus on leveraging the complementary strengths and experience of this partnership to deliver superior solutions to meet our customers’ data centre, cloud and managed services requirements as their businesses grow in India, Singapore and beyond.”