Tata Communications sells stake in STT Tai Sang
14 June 2019 | Natalie Bannerman
ST Telemedia Global Data Centres (STT GDC) confirms that it has acquired Tata Communications’ 26% stake in STT Tai Seng, which comprises three colocation facilities.
STT GDC entered into a strategic partnership back in 2017 with Tata Communication’s data centre business in Singapore and India, and held a 74% majority stake in their data centre business in both markets. Once this transaction closes, STT GDC will own 100% of Tata’s facilities in Singapore, while the partnership structure remains the same in 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 chief executive officer, 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. STT GDC is committed to support the customers in STT Tai Seng as their businesses expand within Singapore, India and beyond.”
Connected to various Tier 1 submarine cable systems such as the Australia Singapore Cable (ASC) and TGN - Intra Asia (TGN-IA), STT Tai Seng provides direct access to multiple ISPs, telcos and cloud service providers. As a result, it has seen a burgeoning demand from enterprises looking to scale their network needs into a robust interconnection ecosystem.
“With full acquisition of the Singapore business, it reflects our commitment and continued confidence in the market, and we are thrilled to accelerate our growth plans to support our customers’ business trajectory,” added Clement Goh, chief executive officer, Southeast Asia, STT GDC. “Since 2014, STT GDC has now grown to a fleet of 7 purpose-built data centres of over 90,000sqm of gross floor area locally. Adding STT Tai Seng 1 as a carrier-neutral and an interconnection hub with access to a wide selection of local, regional and global network operators and internet service providers, STT GDC is well-positioned to provide enterprises with a robust interconnection ecosystem, delivering to their diverse domestic and international connectivity needs.”
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