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Singapore Technologies Telemedia (ST Telemedia) and Tata Communications have entered into definitive agreements whereby ST Telemedia, through ST Telemedia Global Data Centres (STT GDC), will acquire a 74% majority stake in Tata Communications' data centre business in India and Singapore.
Tata Communications will remain as a significant shareholder, holding the remaining 26% stake in the businesses.
The joint venture will include Tata Communications' 14 datacenters in key cities across India and its three Singapore facilities. The...