ST Telemedia Global Data Centres Acquires Tata Communications’ Remaining 26% Stake in Its Data Centre Business in Singapore
SINGAPORE, 17 June 2019 - ST Telemedia Global Data Centres (STT GDC) today announced that it has acquired Tata Communications’ 26% stake in STT Tai Seng (comprising of three colocation facilities collectively known as ‘STT Tai Seng’).
In 2017, STT GDC entered into a strategic partnership with Tata Communication’s data centre business in Singapore and India, holding a 74% majority stake in their data centre business in both markets. Upon closing of this transaction, STT GDC will own 100% of the facilities in Singapore, while the strategic partnership structure remains unchanged in India. STT GDC will continue to provide a high quality data centre colocation offering to its customers across all their Singapore and India facilities.
With this acquisition, STT GDC will continue to execute its strategic operational plans, expand and strengthen STT Tai Seng’s position as an interconnection hub across Asia-Pacific with its rich network capabilities and abundant redundant power availability in the east of Singapore. 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, telecommunication providers and cloud service providers. It has seen a burgeoning demand from enterprises looking to scale their network needs into a robust interconnection ecosystem without bounds, while coupled with flexible colocation solutions streamlined to their business requirements.
Bruno Lopez, Group Chief Executive Officer, STT GDC says, “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. 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.”
Clement Goh, Chief Executive Officer, Southeast Asia, STT GDC says, “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. Since 2014, STT GDC has now grown to a fleet of 7 purpose-built data centres of over 90,000 sqm 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.”