£439m gets ST Telemedia 17 data centres across key Indian and Singaporean cities, including Delhi, Mumbai and Bangalore
The Asian data centre market has undergone a massive shift this week as Tata Communications offloaded 74 percent of its Indian and Singaporean data centre business to ST Telemedia.
ST Telemedia, one of Singapore s largest communications companies, has bought the stake for $640 million £439m and marks the latest expansion of the company s data centre operations.
Customers of these data centres include e-commerce platforms, global multi-national companies, and some of Asia s largest blue chip businesses.
Since ST Telemedia s initial investment in the data centre business in mid-2014, we have made remarkable progress in building a formidable data centre footprint internationally, said ST Telemedia executive director Sio Tat Hiang.
The latest addition of India to the STT GDC network will be a major impetus to advance the company s ambition to be a significant global data centre service provider.
This is thanks to a massive push towards cloud and IaaS workloads from small and medium businesses in the subcontinent, boosting spend on cloud storage.