STT makes Tata Communication an offer it can't refuse
Advertisement
Temasek Holdings-backed Singapore Technologies Telemedia (STT) is eying to buy a stake in Tata Communications ’ data centre business and has the best deal yet.
STT is the front-runner to get the controlling stake in the data centre business, which is valued at around Rs 4,500 crore.
Reportedly, whosoever is the buyer will acquire up to 74% of data centre operations in India and abroad and Tata Group will have a minority holding.
Apart from STT, Google Inc, Amazon, Carlyle Group, Advent International, Blackstone and Bain Capital have also shown interest.
STT has earlier invested in Equinix and CenturyLink Technology Solutions.
Tata Communications, which reported a raise in 1.2% in total revenue to Rs 5, 130.1 crore, has data centres operating in the US, the UK and Singapore.
The data centre business contributed 27% of managed services revenue and adds Rs 436 crore to Tata Communications' FY15 revenue.
As per reports, Tata Communication's core net debt increased by $ 81million in Q2 to reach $ 1.4 billion.
Advertisement
STT is the front-runner to get the controlling stake in the data centre business, which is valued at around Rs 4,500 crore.
Reportedly, whosoever is the buyer will acquire up to 74% of data centre operations in India and abroad and Tata Group will have a minority holding.
Apart from STT, Google Inc, Amazon, Carlyle Group, Advent International, Blackstone and Bain Capital have also shown interest.
STT has earlier invested in Equinix and CenturyLink Technology Solutions.
Advertisement
The data centre business contributed 27% of managed services revenue and adds Rs 436 crore to Tata Communications' FY15 revenue.
As per reports, Tata Communication's core net debt increased by $ 81million in Q2 to reach $ 1.4 billion.
Advertisement
- Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
- Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- UP board exam results announced, CM Adityanath congratulates successful candidates
- RCB player Dinesh Karthik declares that he is 100 per cent ready to play T20I World Cup
- 9 Foods that can help you add more protein to your diet
- The Future of Gaming Technology
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts