Tata Communications Sells 17 Data Centers for $633 Million

  • Temasek’s ST Telemedia buys 74% stake in the business
  • 14 India centers and 3 Singapore facilties to be sold

Tata Communications Ltd., part of India’s biggest conglomerate, announced the sale of 74 percent stake in its data center business to a unit of Temasek Holdings for an enterprise value of $633 million to raise funds for expansion and pare debt.

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